Last month, Ripple invested $50m into money transfer company MoneyGram, giving it a 9.95% stale in the business. Ripple series tetragon 10b series Tetragon was among the leading investors in Ripple’s Series C round back in 2019. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019.” Ripple CEO Brad Garlinghouse said, “We are in a strong financial position to execute against our vision. /rebates/&252fripple-200m-series-tetragon. It has been a strong period of growth for Ripple, with it seeing a ten-times year-over-year growth in transactions across the network. The company now has a global payments network of over 300 customers, spanning 45 countries and payout capabilities for 70 countries. Ripple is a global payments remittance platform which leverages blockchain technology to instantly send money around the world. This burst of funding will be used to add additional staff to its team and better serve its customer community.

The round reportedly valued Ripple at 10B. The blockchain payments project raised 200M from investors including SBI Holdings and Route 66 Ventures, which it intends to use to increase XRP adoption. Other participants included SBI Holdings and Route 66 Ventures. DecemRipple completes 200M Series C led by Tetragon. In late November, MoneyGram secured a $20 million equity investment from Ripple as part of its original $50 million equity investment commitment.Money transfer company Ripple has scored $200M in its Series C round which was led by Tetragon. As Cointelegraph reported in mid-October, Ripple’s Q3 2019 sales were down over 73% compared to the record sale of $251.51 million in Q2.Įarlier this year, Ripple entered a partnership with the world’s second-largest remittances firm, MoneyGram, with Garlinghouse claiming that MoneyGram using Ripple’s xRapid liquidity product is a bigger deal than Facebook’s stablecoin project Libra. While Ripple claims that 2019 has become its strongest year so far, the company has seen a significant drop in sales in the third quarter of 2019. The company has reportedly seen a 10-fold year-over-year growth in transactions, while the firm’s global payments network RippleNet grew to more than 300 customers worldwide. To date, Ripple is claimed to have customers in over 45 countries and six continents, with payout capabilities in more than 70 countries. Ripple CEO Brad Garlinghouse said that the company has continued to gain momentum and accelerate industry leadership, while “others in the blockchain space have slowed their growth or even shut down.” Ripple, a San Francisco-based blockchain startup focusing on the payments technologies, announced that it raised USD 200 million in Series C funding from a group of notable investors.

The new investment is claimed to mark a record year for the business as Ripple reportedly saw its “strongest year of growth to date in 2019.” Blockchain-based payments firm Ripple has raised 200 million in a Series-C funding round led by alternative asset investment firm Tetragon. Despite 73% sales drop in Q3, Ripples sees strong yearly growth Other participants included SBI Holdings and Route 66 Ventures. The new funding will reportedly help Ripple to continue improving its global payments network and the broader utility of the digital asset XRP and the XRP Ledger, the announcement reads. Money transfer company Ripple has scored 200M in its Series C round which was led by Tetragon. Led by closed-ended investment company Tetragon, the new Series C funding round was also joined by Ripple’s major Japanese partner SBI Holdings and venture capital firm Route 66 Ventures, the firm announced on Dec. Ripple, the blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in a new funding round. At the time, Tetragon asked the Delaware Chancery Court to force Ripple Labs to call a halt to any transactions until it bought back 175 million worth of the shares it issued. Ripple will be in court next month, defending its motion to dismiss a lawsuit claiming its sales of XRP were an unregistered. Ripple, the major blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in Series C led by Tetragon.

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