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.…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.
Email LinkedIn