Funding Round Details
This Wednesday, Ramp made waves in the fintech world by announcing it successfully raised a whopping $52.7 million in a Series A funding round. This investment was led by notable names such as Balderton Capital, NFX, Galaxy Digital, Seedcamp, and Firstminute Capital, alongside some savvy angel investors eager to jump into the crypto game.
What Does Ramp Offer?
Ramp is positioning itself as a go-to crypto-fiat gateway, empowering brands to seamlessly include crypto features. Their software integration is designed for speed — claiming it takes developers just hours to integrate their decentralized applications, or DApps, with Ramp’s platform. With over 400 partners, including popular names like Axie Infinity, Mozilla, and Trust Wallet, Ramp is making its mark.
Current Applications of Ramp’s Technology
So what can you do with Ramp? Here are some of the current services:
- Crypto Purchases – Users can easily buy cryptocurrencies through wallets directly embedded in the Opera browser.
- In-Game Transactions – Players can buy and sell in-game content, including NFTs, in games like Sorare.
- Onboarding New Players – Ramp facilitates entry into the gaming world, especially for new users in Axie Infinity.
Future Prospects
Looking to the future, Ramp has big plans! The team aims to extend their platform’s capabilities to aid financial institutions in executing crypto transactions directly within their banking applications. Talk about making it easier to get your crypto fix!
Thoughts from Leadership
Ramp’s co-founder and CEO, Szymon Sypniewicz, shared his vision:
“We’re on a mission to provide instant access to cryptocurrencies through a provider they can trust.”
Additionally, Morgan Beller, general partner at NFX and a board member of Ramp, emphasized the significance of Ramp’s role in Web 3.0:
“When I look at Web 3.0 companies, I ask: ‘Will this product help onboard net new users to the space?’ And, of course, does this product have network effects? Ramp is the ultimate answer to both questions.”
