Ripple Lands $500M At $40B Valuation As Crypto’s Good Year Continues
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Ripple, a crypto payments startup, has raised $500 million at a $40 billion valuation, the company announced on Wednesday.
Funds managed by affiliates of Fortress Investment Group and Citadel Securities, along with Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace led the investment. The San Francisco-based company has now raised just under $800 million in funding since its 2012 inception, per Crunchbase data. Other backers include Andreessen Horowitz, Lightspeed Venture Partners, Pantera Capital, Abstract and Standard Chartered Bank.
The latest raise follows a recent $1 billion tender offer at the same valuation, the company says. However, reports claim that Ripple “came up empty-handed” after the attempt to buy back $1 billion worth of shares from employees.
Meanwhile, Ripple executives say the new fundraise follows the company’s “strongest year to date.”
“We started in 2012 with one use case – payments – and have expanded that success into custody, stablecoins, prime brokerage and corporate treasury, leveraging digital assets like XRP,” Brad Garlinghouse, Ripple CEO, said in a release. “Today, Ripple stands as the partner for institutions looking to access crypto and blockchain.”
Global venture funding to financial technology startups in 2025 has, as of Nov. 5, reached $43.5 billion across 3,188 deals, per Crunchbase data. That’s a 26.8% increase in dollars raised compared to the $34.3 billion raised across 4,214 deals during the same time period in 2024.
Growing acquisitions
It has been a busy couple of years for the fintech company. In just over two years, Ripple has completed six acquisitions, per Crunchbase data, including two valued at over $1 billion each. Those buys helped the company expand its footprint across payments, custody and stablecoins, while entering new markets in prime brokerage and treasury management.
For example, in April, Ripple announced it was acquiring brokerage house Hidden Road for $1.25 billion in one of the biggest M&A deals ever in crypto.
In March, the U.S. Securities and Exchange Commission dropped a legal case against Ripple that accused it of conducting an illegal securities offering.
It’s been a good year for the crypto sector. Shares of blockchain lender Figure closed up 24.4% at $31.11 in first-day trading. More recently, shares have been trading in the $38 range.
And in early June, shares of Circle closed up 168% at $83.29 in their first day of trading on the New York Stock Exchange, minting the stablecoin issuer with a market cap of around $16.7 billion and renewing hopes for an IPO market rebound. More recently, shares have traded in the $118 range.
Related Crunchbase query:
Related reading:
- Fintech Comeback? IPOs Reignite Investor Optimism, But VC Funding Still Trails 2021 Highs
- Here Are The Fintech Companies That Could Go Public In 2025
Illustration: Dom Guzman
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Ripple Lands $500M At $40B Valuation As Crypto’s Good Year Continues
Share:
Ripple, a crypto payments startup, has raised $500 million at a $40 billion valuation, the company announced on Wednesday.
Funds managed by affiliates of Fortress Investment Group and Citadel Securities, along with Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace led the investment. The San Francisco-based company has now raised just under $800 million in funding since its 2012 inception, per Crunchbase data. Other backers include Andreessen Horowitz, Lightspeed Venture Partners, Pantera Capital, Abstract and Standard Chartered Bank.
The latest raise follows a recent $1 billion tender offer at the same valuation, the company says. However, reports claim that Ripple “came up empty-handed” after the attempt to buy back $1 billion worth of shares from employees.
Meanwhile, Ripple executives say the new fundraise follows the company’s “strongest year to date.”
“We started in 2012 with one use case – payments – and have expanded that success into custody, stablecoins, prime brokerage and corporate treasury, leveraging digital assets like XRP,” Brad Garlinghouse, Ripple CEO, said in a release. “Today, Ripple stands as the partner for institutions looking to access crypto and blockchain.”
Global venture funding to financial technology startups in 2025 has, as of Nov. 5, reached $43.5 billion across 3,188 deals, per Crunchbase data. That’s a 26.8% increase in dollars raised compared to the $34.3 billion raised across 4,214 deals during the same time period in 2024.
Growing acquisitions
It has been a busy couple of years for the fintech company. In just over two years, Ripple has completed six acquisitions, per Crunchbase data, including two valued at over $1 billion each. Those buys helped the company expand its footprint across payments, custody and stablecoins, while entering new markets in prime brokerage and treasury management.
For example, in April, Ripple announced it was acquiring brokerage house Hidden Road for $1.25 billion in one of the biggest M&A deals ever in crypto.
In March, the U.S. Securities and Exchange Commission dropped a legal case against Ripple that accused it of conducting an illegal securities offering.
It’s been a good year for the crypto sector. Shares of blockchain lender Figure closed up 24.4% at $31.11 in first-day trading. More recently, shares have been trading in the $38 range.
And in early June, shares of Circle closed up 168% at $83.29 in their first day of trading on the New York Stock Exchange, minting the stablecoin issuer with a market cap of around $16.7 billion and renewing hopes for an IPO market rebound. More recently, shares have traded in the $118 range.
Related Crunchbase query:
Related reading:
- Fintech Comeback? IPOs Reignite Investor Optimism, But VC Funding Still Trails 2021 Highs
- Here Are The Fintech Companies That Could Go Public In 2025
Illustration: Dom Guzman
In This News
Coins
Share:
In This News
Coins
Share:
Read More
The Week’s 10 Biggest Funding Rounds: Investors Get Back To Writing Large Checks