Warsaw-based Ramp raises €8.3 million to expand its “PayPal for crypto” service
Summary
It also saw participation from returning investors Seedcamp, firstminute capital and Fabric Ventures, as well as Mozilla, plus notable business angels associated with Coinbase (Balaji S. Srinivasan), Wise (Taavet Hinrikus), Dapper Labs (Roham Gharegozlou), IKEA (Bartek Pucek) and more entrepreneurs and executives from fintech and crypto industries*. Ramp was founded in 2017 by Szymon Sypniewicz (CEO) and Przemek Kowalczyk (CTO, CPO) to open up digital assets to more businesses and users. Until now, cryptocurrencies have largely been the reserve of enthusiasts, not everyday people, and have centred around crypto exchanges – the likes of Coinbase, eToro et al. We see Ramp, therefore, helping to meaningfully accelerate crypto adoption through enabling mainstream use cases”, said Morgan Beller, General Partner at NfX. We’re active users of crypto-based apps and it was our own experience that showed us that apps using Ramp offered a game changing improvement to the user experience,” said Jon Kol, who co-leads Galaxy’s Venture investments Ramp previously raised €1 million in 2018 in a pre-seed round, from a collective of funds and business angels.
