Ripple attracted $ 200 million investment on expanding its activities

During the round of financing of the series with Ripple, the company collected $ 200 million, which will direct the development of its products, stimulating the XRP integration and the staff expansion.

Tetragon, SBI HOLDINGS and ROUTE 66 VENTURES company took part in the investment round.

According to the general director of Ripple Brad Gallinghaus, the company is now in a good financial situation, and for 2019 it was able to not only save his position, but also increased market coverage.

Currently, Ripple is estimated at $ 5-10 billion, depending on the rating agency. According to the study of The Block, only in 2019 the company sold XRP for $ 260 million.

Brad Garlinghaus said that the RippleNet payment network already has more than 300 customers. They expect that next year the number of participants will grow by 30-40%, and transaction volume will increase more than seven times.

Previously, we also reported that during the sowing round of investment Fintech Startap with Russian roots Zerion

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