Ripple 200 M Funding Tetragon Lead, XRP Ledger Volume, Brad Garlinghouse Customer Growth, SBI Again

In an interview with Fortune, CEO Brad Garlinghouse said Ripple currently has more than 300 customers. He expects Ripple’s customer base to grow 30-40% in 2020, and says transaction volume on the company’s network will increase more than 600%.

Today Ripple announced that it raised $200 million in a Series C round led be Tetragon, with participation from SBI Holdings and Route 66 Ventures. The investment values Ripple at $10 billion, making it the most second valuable company in the industry behind Bitmain. The company believes the investment will expedite the company’s ability to onboard new global talent and boost the adoption of its cryptocurrency XRP and the XRP Ledger. With the new round of funding, Ripple has now raised a cumulative $292 million in venture capital since inception.

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