Series C investors including SBI have sold back their shares to the digital payment tool provider at a 50% premium, valuing it at $15bn.

US-based blockchain-driven money transfer platform Ripple has repurchased the shares it sold through its series C round from investors including financial services firm SBI at a $15bn valuation, it revealed on Tuesday.

The valuation is an increase from the $10bn figure touted for the $200m round, in 2019, which was led by investment firm Tetragon and also backed by Route 66 Ventures.

Ripple chief executive Brad Garlinghouse confirmed to Axios it paid over $300m in cash for the shares,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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