Talking to Fortune, Garlinghouse declined to disclose details of Ripple's revenues or operating profitability, but said the company is adhering to its core strategy of promoting the adoption of XRP. "As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019.” “We are in a strong financial position to execute against our vision," said Garlinghouse in today's announcement. He added that Ripple will have more announcements and will disclose more numbers in early 2020. Ripple Raises 200M in Series-C Round Led By Tetragon. Home Events Mining Pools Wallets Advertise Facebook Twitter Telegram Reddit Youtube. Garlinghouse claims that there's a high level of investor interest in Ripple, and that even though the company did not need the money, the funds provide "balance sheet flexibility," says the article. Blockchain-based payments firm Ripple has raised 200 million in a Series-C funding round led by alternative asset investment firm Tetragon. It will hasten the onboarding of new global talent to meet market demands and better serve the community, and it also supports Ripple’s vision for the Internet of Value (IoV), says the announcement.ĬEO Brad Garlinghouse said that he expects Ripple's customer base to grow 30%-40% and transaction volume on the company's network to increase more than 600% in 2020, Fortune reports. This investment, says the company, marks a record year for the business, but also additionally proves both the value of blockchain in improving global payments and the broader utility of the digital asset XRP and the XRP Ledger. The funding round was led by global investment firm Tetragon, with participation from Ripple-friendly SBI Holdings and Route 66 Ventures, the announcement says. Tetragon Financial Group Limited is a close ended feeder fund launched and managed by Tetragon Financial Management LP. Well, it looks like Ripple partners have started distancing themselves from the.
Ripple, a San Francisco-based blockchain startup focusing on the payments technologies, announced that it raised USD 200 million in Series C funding from a group of notable investors. Note that the Tetragon Financial Group was leading the 200 million Series C funding round for Ripple in 2019.
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