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Who doesn't love money? We all love money and the term has got a broad range of uses. Experience is an important thing which is loved a lot by the consumers. Who does not desire a good roadmap to better payments? Yes, we all do!
Ripple has got a RTGS system, remittance and a currency exchange network. It helps its users to instantly move money in any corner of the world. Several financial institutions choose Ripple to provide their customers with good payments experience. Read the Ripple success story below.
Ripple - Company Highlights
| Company Name | Ripple |
|---|---|
| Headquarters | San Francisco, California, US |
| Sector | Blockchain, Cryptocurrency, Financial Services, FinTech, Internet and Payments |
| Founder | Chris Larsen |
| CEO | Brad Garlinghouse |
| Founded | 2012 |
| Website | ripple.com |
Ripple - About
Ripple - Founder and Team
Ripple - Business Model
Ripple - Revenue Model
Ripple - Funding and Investors
Ripple - Competitors
Ripple - FAQs
Ripple - Conclusion
Ripple - About
Ripple is a payment system that provides a frictionless experience to its users. It is used to send money around the world using the help of blockchain. It enables financial institutions and banks to directly transfer money with each other globally.
Ripple - Founder and Team
Chris Larsen is an angel investor and a business executive. He is known for co-founding technology startups. He was born in 1960 in San Francisco, CA, USA. He is an American and his net worth is $4.6 billion. He completed his education from San Francisco State University and pursued a MBA from Stanford Graduate School of Business. He is the Executive Chairman and Co-Founder at Ripple. He was also the Co-Founder and CEO of Prosper Marketplace. He began his career as a Co-Founder and Chairman at Eloan.
Ripple - Business Model
Ripple provides a carefree global payments platform to its users. It connects payment providers, corporates and banks to send money globally.
Key Activities
- Network development
- Marketing
- Software Development
- Customer Support
- Human Resources
- Sales Support
- Blockchain Protocol Development
Key Resources
- Ripple Ecosystem
- Venture-backed Startup
- Ripple Payment Protocol
Customer Segments
- Corporates
- Banks
- Payment Providers
StartupTalky
Ripple - Revenue Model
Ripple is a private company. Companies like Ripple raise funds through institutional investors and venture capital. The revenue model is based on skilled services. It is a protocol designed for quick transfers between the two parties. Ripple makes money by licensing software, making partnerships with technology integrators, integrating software and technical support.
StartupTalky
Ripple - Funding and Investors
Ripple has raised a total amount of $293.8 million in funding.
| Date | Transaction Name | Money Raised | Lead Investor |
|---|---|---|---|
| April 3, 2020 | Secondary Market | - | - |
| December 20, 2019 | Series C | $200 million | Tetragon Financial Group Limited |
| May 12, 2017 | Corporate Round | $200,000 | - |
| April 30, 2017 | Secondary Market | - | - |
| September 15, 2016 | Series B | $55 million | SBI Investment |
| September 15, 2016 | Secondary Market | - | - |
| October 6, 2015 | Series A | $4 million | Mouro Capital |
| May 19, 2015 | Series A | $28 million | IDG Capital |
| November 12, 2013 | Seed Round | $3.5 million | Core Innovation Capital |
| May 14, 2013 | Seed Round | $1.4 million | - |
Ripple is funded by 36 investors. It has got 5 lead investors. Adam Morley is the recent investor.
Ripple - Competitors
The top competitors of the company are Bitcoin.com, Dogecoin and Litecoin.
- Bitcoin.com is one of the top competitors of Ripple. The company is headquartered at Frigate Bay, St. Kitts. It was founded in 2008. It works in the Transaction Services industry.
- Dogecoin is also one of the top competitors of Ripple. It was founded in 2013. It is a private company headquartered at Frostviken, Jämtlande Iän. It works on the Internet Software industry.
- Litecoin is the #3 competitor of Ripple. It was founded in 2011 and is headquartered at San Francisco, CA, USA. It operates on the Internet Software field.
StartupTalky
Ripple - FAQs
What is RippleNet?
With RippleNet, customers can quickly access new markets, expand their services and deliver the best customer experience in global payments today. With a single connection, customers can access the best blockchain technology for global payments, payout capabilities in over 40 currencies.
What is the difference between Ripple and XRP?
Ripple is a technology company that provides the most efficient solutions for sending money globally through a robust, global payments network, RippleNet.
XRP is a digital asset independent of Ripple, and the XRP Ledger is the open-source technology behind it. The XRP Ledger was created independently from Ripple and thus, Ripple does not control or own it.
Who is the Founder of Ripple cryptocurrency?
Chris Larsen is an angel investor and a business executive. He is the Executive Chairman and Co-Founder at Ripple.
Who is the CEO of Ripple Network?
Brad Garlinghouse is the CEO of Ripple Network.
What does Ripple provide to its users?
Ripple provides a carefree global payments platform to its users. It connects payment providers, corporates and banks to send money globally.
What is XRP? How do I trade XRP?
XRP is an open-source, decentralized digital asset built for payments. XRP trades on over 100 markets and digital asset exchanges worldwide. If you’ve already traded XRP and have a question about your trade, then please reach out to the exchange directly. If you are looking for exchanges to trade XRP, you can search for exchanges on your Internet browser.
Ripple - Conclusion
Ripple is a technology company that provides the most efficient solutions to send money globally using the power of blockchain technology. Their vision is to enable the world to move value like information moves today—the Internet of Value.
Ripple is the only enterprise blockchain company today with products in commercial use. Their global payments network, RippleNet, includes over 300 financial institutions across 40 countries and six continents. They work with regulators, governments and central banks—not against them but with them to improve the way the world moves money.
Author: Purbalee Dutta
Source : https://startuptalky.com/ripple-success-story/
Date : 2021-04-17T12:30:00.000Z