Ramp, London Based Startup
London-based company Ramp secures £7.1million funding in a Seed Round led by NfX with Galaxy Digital.
16:53 16 June 2021
Ramp, a London-based company that aspires to become the "PayPal for cryptocurrency" has successfully raised £7.1million funding in a seed round led by NfX with Galaxy Digital.
Other investors who participated in the seed round include Seedcamp, Mozilla, firstminute capital and Fabric Ventures, Dapper Labs, Wise (Taavet Hinrikus), and other entrepreneurs and executives from fintech and cryto industries.
Morgan Beller, General Partner at NfX, said: “Ramp dramatically reduces the crypto barrier to entry for both non-crypto-native users and non-crypto native developers. We see Ramp, therefore, helping to accelerate crypto adoption through enabling mainstream use cases meaningfully,”
The fresh funds will be used to expand the team, open new headquarters in new regions and further improve the platform, a full-stack payment infrastructure for crypto assets.
Ramp co-founder and CEO Szymon Sypniewicz said: “Crypto is one of the most promising technological frontiers for advancing finance and payments. For years, however, the industry was focused on speculation, creating products like crypto exchanges. Unlocking crypto’s use cases seemed like an afterthought. Now we feel it’s time for the industry to start delivering useful applications, and Ramp is here to make the mainstream transition to crypto much easier.”
Przemek Kowalczyk, Ramp co-founder and CTO added: “We built Ramp to unlock crypto’s power to completely revolutionise how we think about money and digital services for everyone, not just a handful of crypto-natives. We’re excited to see how crypto revolutionises the creative industry through NFTs, democratises finance through DeFi, and helps rethink how we do payments.”