‘Paypal For Crypto’ Wannabe Ramp Raises $52.7M Series A Round Led By Balderton Capital
12/15/21, 3:06 PM
Money raised
$52.7 million
Round Type
series a
In the same way that PayPal and Stripe radically changed online payments by allowing any online service to embed payments, the race is on to have the same impact on crypto assets. To this end, players such as Wyre (raised $29.1M) and MoonPay (raised $555M) have risen to the fore. But in the Summer of this year, a similar, UK-based startup called Ramp (not to be confused with US ‘trad-fi’ startup Ramp) de-cloaked like a Klingon battleship in space, with a $10.1 million seed round, and even had hard-won approval from the UK’s Financial Conduct Authority (FCA) under its belt.
Company Info
Additional Info
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.