Ramp Raises $53 Million in Series A Funding Round

Fazzaco learned that Ramp, a provider of crypto payment solutions, has raised $52.7 million in a Series A funding round. According to the company, the new funds will be used to expand their presence, develop products and empower mainstream adoption of crypto.

The Series A round was led by Balderton Capital, with participation from existing investors including NFX, Galaxy Digital, Seedcamp, Firstminute Capital also, alongside angel investors Taavet Hinrikus (Wise) and Francesco Simonesci (TrueLayer).

Ramp is now a partner to more than 400 developers, including Mozilla, Browser, Dapper Labs, and top crypto and DeFi apps like Aave, Argent, Trust Wallet, and Zerion, as well as wildly popular games, Sorare and Axie Infinity.

“Just six months after closing our Seed round, we're thrilled to announce we've raised a $52.7 million Series A round,”the company said.”Demand for seamless on-ramping experiences shows no sign of slowing down - in just the last year alone, Ramp has grown its transaction volume 30x while our headcount has grown three-fold in just six months.”

Ramp has obtained approval from the Financial Conduct Authority (FCA) in the UK and also received approval from the Financial Crimes Enforcement Network (FinCEN) in the United States.