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On Wednesday, cryptocurrency gateway payment provider Ramp announced that it has raised US$52.7 million in Series A financing, led by Balderton Capital, NFX, Galaxy Digital, Seedcamp, Firstminute Capital and angel investors. Ramp allows its partner brands to provide encryption services, claiming that developers can integrate their decentralized applications or dApps with their software in just a few hours. It has more than 400 partners, including Axie Infinity, Mozilla, Opera Browser, Dapper Labs, Aave, Argent, Trust Wallet and Zerion. The company has obtained regulatory approvals in the United States, the United Kingdom and Poland.
Ramp’s current uses include buying cryptocurrency directly in Opera’s Internet browser to store in the wallet, buying and selling in-game content Fantasy football Non-fungible tokens, or NFT, the game Sorare, and the onboarding of new players Monster Fighting NFTs Game The axis is unlimited. In the future, Ramp developers plan to expand the software to help facilitate encrypted transactions for financial institutions in their banking applications.
Szymon Sypniewicz, co-founder and CEO of Ramp, issued the following statement regarding this development:
“Our mission is to provide instant access to cryptocurrency through providers they can trust.”
Morgan Beller, general partner of NFX and member of Ramp’s board of directors, added:
“When I look at the web3 company, I will ask:’Will this product help new Internet users join this field?’ Of course, does this product have a network effect? Ramp is the ultimate answer to these two questions. It can help integrate web3 Moving to the next level of adoption is unique.”
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