Ripple Raises $55 Million in Series B Funding Round, Adds Several New Banks

[kreslik.news]

Ripple, the New York regulated San Francisco based blockchain firm, just announced that it has completed a $55 million Series B financing. The company will use the funds to accelerate customer growth, pursue strategic partnerships and grow the team internationally.

The financing includes participation from new investors including Standard Chartered, Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank, and SBI Holdings. Additional investors participating in the round include Santander Innoventures, the venture arms of CME Group and Seagate Technology, and Venture 51.

“Our mission is to make cross-border payments truly efficient for banks and their customers, and in doing ... (read more)