Published by walker filton
finextra.com
Finextra
Payments disruptor Ripple has scored $200 million in Series C financing, in a round led by Tetragon with participation from SBI Holdings and Route 66 Ventures. The company says the new funding follows a record year, which saw its global payments network RippleNet grow to more than 300 customers worldwide and included a new strategic partnership with MoneyGram.
He says the new cash will be used to expand Ripple's developer platform Xpring and to hire new talent to help meet market demand.
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