Published on October 6th, 2015 | by bitcoin0
Ripple Series A Round Boosted By $4 Million From Santander Innoventures
Ripple has received an additional $4m in funding from Santander InnoVentures, bringing its Series A total to $32m.
Ripple, now being tested by a number of banks, has bought in $41m to date.
Speaking about the additional investment, CEO and co-founder Chris Larsen said in a statement:
“Santander InnoVentures is a natural fit in this round because of their demonstrated support for real-time international payments and their commitment to new technologies that enable Santader to empower its customers.
The investment comes after Mariano Belinky, managing partner at Santader InnoVentures told that distributed ledger technology could transform the banking industry.
Ripple and Santander share a common vision of the future of the industry, and we intend to jointly advocate it in the community.”