Ripple Gains $55 Million In Series B Financing From More Banks

Ripple, a global provider of cross-border settlement solutions, has secured $55 million in Series B financing from new investors that include SCB Digital Ventures (the venture arm of Siam Commercial Bank), Standard Chartered, Accenture Ventures and SBI Holdings. The company will use the funds to support growth and purse strategic partnerships. Other new investors include Santander Innoventures, the venture arms of Seagate Technology and CME Group, and Venture 51. The investment demonstrates new expertise from companies with hands-on experience with Ripple. Focus On Cross-Border Payments.....

Thursday, Blockchain company Ripple announced that it had raised $55 mln in funding. Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank and Santander Innoventures are just a few of the investors who participated in the Series B funding. Additionally, Ripple has secured partnerships with major banks, including Standard Chartered, BMO Financial Group, and Shanghai Huarui Bank. In the near future Ripple plans to partner with even more banks, which are planned to use the service it provides to improve cross-border payments. Overall, Ripple has received over $93....

Payment Protocol Company Ripple Labs recently announced that it has raised $28 million in a new Series A financing round. The San Francisco-based startup attracted supports from a number of globally renowned companies, which include data storage company Seagate, derivative marketplace CME Group, and venture capital firm IDG Capital Partners. It further received investments from Jerry Yang's AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, and many other renowned investment vehicles. As Ripple Labs commits, it is going to channel these investments towards building the....

One of the largest bitcoin and cryptocurrency exchanges in the world, Kraken, has announced an investment from a leading Japanese foreign exchange brokerage, in the exchange’s Series B round of financing. Cryptocurrency exchange Kraken has announced an investment from Tokyo-based Money Partners Group as a part of its Series B round of financing, in a press release today. Money Partners Group holds a market cap of over $260 million and is among the leading foreign exchange brokerages in Japan with over 270,000 client networks. The terms of the investment were not disclosed. This would mark....

Distributed ledger settlement startup Ripple has raised $55m in venture capital from a mix of financial industry heavyweights. Participating in Ripple's Series B round are Standard Chartered, Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank and SBI Holdings. Additional investors include Santander InnoVentures, CME Ventures, Seagate Technology and Venture 51. With a growth trajectory that will soon force the settlement startup out of its San Francisco headquarters, much of those funds will be spent on expansion projects including sales and marketing.....