Thursday, September 15, 2016

Ripple Rounds Up $55M

San Francisco- and New York-based Ripple, which develops software based on Blockchain to help financial services providers manage financial settlements and international payments, has raised $55M in a Series B funding. The company said the funding came from Standard Chartered, Accenture Ventures, as well asSBI Holdings, SCB Digital Ventures (the investment arm of Siam Commercial Bank), Standard Chartered PLC, plus prior investors Banco Santander SA Venture Fund, Seagate Technology, and Venture 51. The company has now raised $93M in total. Ripple is led by Chris Larsen.