Menu Close

Founded: 2012

Headquarters: San Francisco, California

Ripple is an Internet protocol that interconnects all the world's disparate financial systems to power the secure transfer of funds in any currency in real time. Ripple provides a frictionless experience to send money globally using the power of blockchain.

Key Facts


Ripple’s RippleNet payments network utilizes the XRP Ledger blockchain to clear and settle cross-border payments in a fraction of the time and cost required by legacy payment systems.


The XRP cryptocurrency that is native to the XRP Ledger is used as a value transfer medium to effect near-instantaneous conversion and transfer of foreign currencies between counterparties on RippleNet.


Ripple’s RippleNet offers three different solutions for banks, payment providers, and corporates: (1) Processes cross-border payments using fiat currencies; (2) offers on-demand liquidity using Ripple's digital asset called XRP; and (3) provides a standard interface that allows corporates to pay its employees.


Using RippleNet, banks are able to save 60% of the total cost per payment as SWIFT fees are eliminated.


RippleNet allows banks to reduce their international payment infrastructure costs by 42%.


Ripple's Liquidity Hub enables financial institutions and businesses to easily and efficiently source digital assets from global crypto markets—allowing organizations to unlock new revenue streams by offering end customers the ability to buy, sell, and hold digital assets.


In December 2020, the SEC sued Ripple and two of its top executives for seven years of distributions of the cryptocurrency XRP, which the agency labeled as illegal unregistered securities trades – Ripple is disputing all allegations by claiming XRP is a commodity and therefore outside the SEC’s reach.


American Express and Santander have partnered with Ripple to speed up cross-border payments between the U.S. and the U.K. by using blockchain technology. Bank of America also recently partnered with RippleNet technology.


CEO of Ripple, Brad Garlinghouse, recently stated the company could go public if, and when, it resolves its lawsuit with the SEC. “The likelihood that Ripple is a public company is very high at some point,” Garlinghouse told CoinDesk’s Nikhilesh De.


In January 2022, Ripple announced a $200 million Series C share buyback for all Series C shares originally issued to Tetragon Financial Group, SBI Holdings and Route 66 Ventures in December 2019, a decision that implies a valuation of $15 billion for Ripple. According to The Block, Ripple said, "The buyback places Ripple’s new valuation at $15 billion and reflects Ripple’s strong position in the market and global company momentum - Ripple’s global business has grown exponentially and 2021 was the company’s best year to date." Ripple mentioned that its RippleNet platform has seen transactions double in 2021, and it also signed Bhutan and Palau as CBDC clients.


According to CoinTelegraph, Garlinghouse also shared optimism for the future of RippleNet and Ripple X, the latter of which is posed to enhance the utility of the XRP Ledger in an array of emerging sectors, including nonfungible tokens, central bank digital currencies, as well as interoperable, multichain functionalities, among others. Ripple also mentioned that the company is cash flow positive and has more than $1 billion in cash on the balance sheet.


Ripple also experienced its "best hiring year in 2021" and is now seeking to onboard "hundreds of global employees this year" to support the already existing 500-employee workforce, according to CoinTelegraph.


In May 2023, Ripple announced that it had acquired Metaco, a cryptocurrency custody company based in Switzerland, for $250 million in cash and Ripple equity. With this move, Ripple will expand its offerings as it will now be able to custody, issue and settle any type of tokenized asset. “Metaco is a proven leader in institutional digital asset custody with an exceptional executive bench and a truly unmatched customer track record,” Ripple CEO Brad Garlinghouse said in a statement. “Through the strength of our balance sheet and financial position, Ripple will continue pressing our advantage in the areas critical to crypto infrastructure. Bringing on Metaco is monumental for our growing product suite and expanding global footprint.” "We will still have $1 billion in cash after this deal. That puts us in a position to look at other deals," Garlinghouse said.


In July 2023, U.S. District Judge Analisa Torres issued a long-awaited ruling in the Securities and Exchange Commission’s case against Ripple Labs, saying some sales of Ripple’s XRP token did not constitute illegal securities sales. The judge held that XRP is a security when offered to institutional investors but not the general public. The judge ruled that Ripple had violated securities laws with sales of XRP to institutional investors, and the company’s top two executives have to go to trial over their alleged role in those illegal sales. What wasn’t illegal, was selling XRP to programmatic investors, meaning the broader public, on crypto exchanges.


In October 2023, the U.S. Securities and Exchange Commission dropped allegations against two top executives of Ripple Labs in its lawsuit claiming that the company breached U.S. securities laws. The SEC stated it will no longer pursue claims that Ripple's CEO, Brad Garlinghouse, and Co-Founder, Chris Larsen, were involved in aiding and abetting unregistered sales of the cryptocurrency XRP.


In October 2023, Ripple announced a new partnership with Uphold, the global Web3 financial platform. The partnership will see Uphold provide Ripple with enhanced crypto liquidity capabilities to underpin and enhance its cross-border payments infrastructure. Pegah Soltani, Head of Payments Product, at Ripple, said: “Our new partnership with Uphold enables us to enhance our underlying infrastructure and Uphold’s deep liquidity expertise further underpins Ripple’s ability to offer fast and flexible cross-border payments around the world. We see this as the start of our relationship and are excited about what the future holds.”


In November 2023, HSBC announced its plan to work with Ripple Labs Inc.-owned technology firm Metaco to offer institutional clients a custody service for digital assets such as tokenized securities. HSBC expects it to go live in 2024. “We’re seeing increasing demand for custody and fund administration of digital assets from asset managers and asset owners, as this market continues to evolve,” Zhu Kuang Lee, chief digital, data and innovation officer, securities services at HSBC said in a statement.


According to The Block, in January 2024, Ripple purchased $285 million in shares owned by early investors, valuing the company at $11.3 billion. CEO Brad Garlinghouse also said Ripple possesses more than $1 billion cash and over $25 billion in digital assets crypto, made up mostly of XRP coins, on its balance sheet.


In February 2024, Ripple announced that it has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets. This move further underscores Ripple's commitment to regulatory compliance and enables the company to strengthen its existing product offerings, as well as explore new, complementary products. “Ripple and Standard Custody are dedicated to enabling enterprises to reap the benefits of blockchain across a host of financial use cases building institutional-grade solutions to tokenize, store, move, and exchange value. By expanding our licenses portfolio and making smart acquisitions, Ripple is well-positioned to take advantage of the current market opportunities and further strengthen our crypto infrastructure solutions,” said Monica Long, Ripple President. “We will continue to leverage our strong financial standing to expand our product offerings, support new initiatives on the product roadmap and serve a broader segment of customers.”


Primary Vertical


Mosaic Score


Money - 100

Momentum - 100

Management - 100

Market - 100

What is a Mosaic Score?

Employees: 500

Key Officers

Name Work History Title Status
officer name 1 Founder Current
officer name 2 Founder Current
officer name 3 Founder Current


Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Key Investors

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Size of Market

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Market Position

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Valuation & Fundraising

Last Round: Jan. 2021, Seed

Valuation Post-Money: $10M


Amount Raised: $1M

Total Funds Raised: $10M


Linqto Implied Valuation: $10M

Funding Rounds

Date Round Amount Valuation
01/01/2021 Seed $11M $11M
01/01/2021 Seed $11M $11M
01/01/2021 Seed $11M $11M

Valuation Over Time

Linqto Chart

1 buyback

Competitive Landscape

Company Valuation Revenue

Company Name

San Francisco, California

$65.3B $1.3B

Company Name

San Francisco, California

$65.3B $1.3B

Company Name

San Francisco, California

$65.3B $1.3B

Company Name

San Francisco, California

$65.3B $1.3B