U.S.-based start-up Ripple, a provider of blockchain-based cross-border payments technology for banks, said on Thursday it has raised a $55 million Series B from investors including Standard Chartered, Accenture Ventures, SCB Digital Ventures and SBI Holdings
U.S.-based start-up Ripple, a provider of blockchain-based cross-border payments technology for banks, said on Thursday it has raised $55 million in a second round of funding. Blockchain is the underlying technology in digital currencies such as bitcoin and has become one of the hottest innovations in the financial services world. The company has raised a total of $93 million over the last two years, said Chris Larsen, Ripple chief executive officer and co-founder, securing funding from new investors including Standard Chartered, Accenture, SCB Digital Ventures, the venture arm of Siam Commercial Bank, and SBI Holdings.
http://www.reuters.com/article/us-usa-ripple-funding-idUSKCN11L1NU
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