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The funding helps Ramp reach a valuation of $ 300 million. Here are the main balls you need to know.
Ramp, a cryptocurrency API firm, raised $ 30 million in a Series A that drew participation from Balderton Capital.
HOW THE COMPANY PERFORMS? Ramp’s non-depository payment infrastructure, based in Poland, allows users to convert fiat currency into crypto assets such as NFTs and bitcoin. Exchanges, markets, and wallets can integrate the platform into their products to help their users buy crypto. The company claims to have over 200 partners, including Firstminute Capital Seedcamp, Maker, and Fabric Ventures. It combines a variety of payment channels to facilitate low usage costs and hassle-free access to preferred payment methods including Apple Pay, credit cards, and open banking transactions. The company has offices in the UK and Poland.
Source: ramp
WHY IS THE MARKET IMPORTANT? The cryptocurrency market is expected to grow at a CAGR of 12.8% to reach a value of $ 4.94 billion by 2030, according to Valuates Reports. The growing demand for increased efficiency and transparency in financial payment systems is contributing to the growth of the market. The growing demand for cryptocurrencies among financial institutions and banks is also a key factor.
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Sources 2/ https://www.cbinsights.com/research/ramp-series-a-funding/ The mention sources can contact us to remove/changing this article |
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