Ramp Raises $70M to Provide Crypto Payments Infrastructure

Crypto payment infrastructure provider RampNetwork has raised $70 million in a funding round co-led by Mubadala Capital and Korelya Capital. BrandyBetz reports

Ramp, a UK-based startup offering payment infrastructure to connect crypto and traditional finance, has raised $70 million in a Series B round co-led by Mubadala Capital, an arm of one of United Arab Emirates’ sovereign wealth funds, and Korelya Capital.

Ramp plans to use the capital to hire for a number of senior roles and currently has around 70 open positions to grow the current global headcount of about 200, co-founder and CEO Szymon Sypniewicz told CoinDesk in an email. The funding will also go toward adding local fiat currencies and payment methods as part of the continued global expansion.

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