Ramp, builder of crypto payment rails, raises $70M

Ramp, builder of crypto payment rails, raises $70M

Crypto-focused fintech company Ramp has raised $70 million in venture capital, upping its pledge to continue building a unified payment experience for digital assets. 

The Series B investment round was co-led by venture firms Mubadala Capital and Korelya Capital, Ramp disclosed Wednesday. As reported by Cointelegraph, Ramp raised $53 million in a Series A funding round that closed in December 2021, bringing its total capital raise to roughly $123 million.

Ramp’s management said the new funds would go toward improving its product line, expanding into new locations and increasing the number of fiat currencies and payment methods offered.

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Ramp’s primary customers are businesses and blockchain protocols that want to offer users a more streamlined experience when transacting with cryptocurrencies. Ramp provides a non-custodial, full-stack payment infrastructure

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