SBI returned for a round that increased the valuation of the blockchain-focused money transfer platform to $10bn from a reported $355m three years ago.
Ripple, the US-based developer of a blockchain-powered financial transfer platform, received $200m in series C funding from investors including financial services firm SBI on Friday.
Asset management group Tetragon led the round, which also featured financial technology-focused investment firm Route 66 Ventures. It valued the company at $10bn according to several media sources including CNBC and Forbes.
Founded in 2012, Ripple has created a platform that allows financial services providers to process payments quickly and cheaply anywhere in the world.…
