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.
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