Ripple
About
Ripple provides one frictionless experience to send money globally using the power of blockchain.
- San Francisco,California,United States
- 501 - 1000
- http://ripple.com
Details
- Last Funding Type
- Series B
- Industries
- Blockchain,Cryptocurrency,FinTech,Internet,Payments
- Founded date
- Jan 1, 2012
- Number Of Employee
- 501 - 1000
- Operating Status
- Active
- Legal Name
- Ripple Labs Inc.
- Also Known As
- Ripple Labs,OpenCoin
- Sub-Organizations
-
Xpring
Ripple provides one frictionless experience to send money globally using the power of blockchain. It offers a global real-time payment system that enables banks and financial institutions around the world to directly transact with each other without the need for a central correspondent. The company also offers FX Market Making, a solution enabling enterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive FX marketplace or an internal FX trading desk. This minimizes FX exposure thereby lowering the volatility and counter-party risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Aug 21, 2021 | Series B | — | 1 | — | — | Detail |
| Mar 1, 2021 | Series B | — | 1 | — | — | Detail |
| Apr 3, 2020 | Secondary Market | — | 1 | — | — | Detail |
| Dec 20, 2019 | Series C | $200M | 4 |
Tetragon Financial Group Limited
|
— | Detail |
| May 12, 2017 | Corporate Round | $200K | — | — | — | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Nov 30, 2022
Keyrock
|
Series B | $72M | Asset Management | — |
|
Nov 14, 2022
Thallo
|
Seed | $2.50M | Blockchain | Yes |
|
Jul 14, 2022
Supermojo
|
Seed | $6M | Blockchain | — |
|
Mar 15, 2022
Hex Trust
|
Series B | $61M | Banking | — |
|
Feb 10, 2022
PDAX | Philippine Digital Asset Exchange
|
Series B | $50M | Cryptocurrency | — |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Tetragon Financial Group Limited
|
Yes | Series C |
IDG Capital
|
Yes | Series A |
Uday Kumar Bangalore Shivaraman
|
— | Series B |
Azure Ventures Group
|
— | Series B |
10X Capital
|
— | Secondary Market |
Bossanova Investimentos
|
— | Series C |
Route 66 Ventures
|
— | Series C |
SBI Investment
|
— | Series C |
Ganesh Kompella
|
— | Secondary Market |
James Sowers
|
— | Secondary Market |
Employee Profiles
Exits
Ripple has had 3 exits. Ripple most notable exits include Keyless , Tranglo
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| Nov 17, 2021 | Keyless | M&A | Biometrics | Detail |
| Nov 5, 2018 | Tranglo | M&A | Financial Services | Detail |
| Jul 2, 2004 | MoneyGram International | M&A | Financial Exchanges | Detail |
Acquisition
Ripple has acquired 1 organizations. Their most recent acquisition was SimpleHoney on Apr 3, 2013. They acquired SimpleHoney for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Apr 3, 2013
SimpleHoney
|
Mobile | — | — | Detail |
