Fintech angels back cryptocurrency platform Ramp with $10m fundraise

Hardly a fintech round goes by without a prominent fintech angel investor getting involved, and Ramp’s latest fundraising is no different.

Ramp, a crypto payments platform that helps companies wanting to offer crypto-related services do so easily and securely, has closed a $10.1m funding round led by NfX, investor in the likes of LastMinute.com, Feedly and Flickr, with participation from Galaxy Digital.

The likes of Taavet Hinrikus, co-founder and Chairman of Wise (formerly TransferWise), Charles Delingpole, CEO and founder of ComplyAdvantage,Francesco Simoneschi, CEO of TrueLayer and Keith Grose, Head of UK at Plaid, are just a few of the angels to have taken part in the round.

“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,” Przemek Kowalczyk, Ramp’s CTO and co-founder said. 

“We’re excited to see how crypto revolutionizes the creative industry through NFTs, democratizes finance through Decentralised Finance, and helps rethink how we do payments. Ramp is here to bring all these innovative solutions to users accustomed to the easiness of shopping online, who find the complexity of buying crypto through crypto exchanges discouraging.” 

Founded in 2017 by Przemek Kowalczyk and Szymon Sypniewicz, Ramp helps to facilitate crypto payments by embedding its platform into a company’s existing systems, with a hope to disrupt the crypto space just like how PayPal did for e-commerce—adopting the moniker “PayPal for crypto”.

“Crypto is one of the most promising technological frontiers for advancing finance and payments,” added Ramp co-founder and CEO Szymon Sypniewicz.

“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.” 

The crypto fintech has already partnered with more than 200 developers, including Mozilla, which also took part in this latest funding round, Opera Labs, Dapper Labs and crypto apps like Aave, Argent and Zerion.

Prior to this latest round, Ramp had previously raised $1.2m in a pre-seed round in 2018.