London-based and Polish-founded crypto infrastructure startup Ramp has raised $52.7 million in funding on the back of 30x growth in transaction volumes over the past year.
Ramp's payments infrastructure enables companies to embed crypto transacting in-app, without sending users off to another site, such as Coinbase or eToro.
The funding was led by venture capial firm Balderton, with other participants including Wise founder Taavet Hinrikus and TrueLayer’s Francesco Simonesci. One of Balderton's top investors, Goldman Sachs veteran Rana Yared, is joining the payments infrastructure startup’s board.
Yared says Ramp is "making buying digital assets as straightforward as buying US dollars when making a purchase from your favourite American brand in euros".
Over the last year Ramp has grown from around 20 employees to 80, with plans to get to nearly 300 by the end of 2022.