Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
CoinDesk·
60-second summary
Ripple is raising $200 million from Neuberger Berman to expand its Ripple Prime platform, following a significant revenue increase of 200% in the last year since its $1.25 billion acquisition. This investment will fuel further growth and development of the platform, solidifying Ripple's position in the cross-border payments market and driving innovation in the industry.
Ripple announced its agreement with the global investment firm Monday, noting that Ripple Prime’s revenue has tripled in the last year, when. it acquired it for $1.25 billion.