Founded in 2012, based in San Francisco, CA, it employs around 500 people. It’s a leader in the Industry Sectors of Financial Software, B2B Payments, Cryptocurrency, Blockchain and Fintech.

What is Ripple?

Developer of a blockchain technology platform intended to help financial institutions to send money across borders, instantly, reliably and for fractions of a penny. The company's platform provides an open-source payment system using a math-based virtual currency called XRP that helps in free payments to merchants, consumers and developers, enabling customers to pay in any currency with no chargebacks and instant global payments options.Through offices in San Francisco, New York, London, Sydney, Luxembourg, Singapore and Mumbai, Ripple serves more than 300 financial institutions across over 40 countries as of 2019.

Ripple Vs. SEC update, July 2023

Business Development

Ripple effectively exists as three separate but interrelated things.

1. The Ripple Network (or RippleNet). A digital payment network for financial transactions.

2. Ripple Labs. The company that develops the Ripple Network, XRP and other blockchain payment solutions for financial institutions.

3. XRP. The digital currency that works on the Ripple Network. We believe RippleNet will become central/most adopted international B2B payment system worldwide. Today, the RippleNet advanced blockchain is used by a growing network of more than 300 providers spanning 40 countries across six continents. Some of the biggest adopters of Ripple include American Express, Santander, and US-based money transfer company MoneyGram. There are whispers that VISA and Western Union are seriously considering switching over to the Ripple platform in the not-so-distant future.

Ripple is not a crypto company but a cross-border payment business, while XRP is a crypto currency.

Key Investors

IPO CLUB, 10X Capital, Andreessen Horowitz, Digital Currency Group

Ripple stock

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Most Recent Financing Status

The company raised $200 million in Series C venture funding in a deal led by Tetragon Financial Group on October 20, 2019, putting its pre-money valuation at $9.8 billion. SBI Holdings, Transform Capital, 10X Capital, Flight Ventures Keiretsu Forum, Parade Ventures, Adya Partners and Route 66 Ventures also participated in the round. The funds will be used to expand operations, the adoption of its technology and of the digital asset XRP and the XRP Ledger, and of Xpring.

In January 2022, the company completed the buyback of Series C investors, boosting Ripple’s valuation to $15 billion.

Could Ripple reach $10,000?

Ripple shares and XRP are two separate things.

Ripple is a global payments network with major banks and financial services providers as its customers. XRP is a cryptocurrency developed by Ripple that is used in Ripple products to facilitate quick conversion between different currencies.

Ripple stock is very unlikely to reach that target, while we do not consider XRP in our analysis of the company Ripple.

Latest news

Sep 2023: Ripple's Enterprise Solutions and XRP Tokenomics: An Investor’s Guide

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