Ripplecryptocurrency payments startup raised $500 million at a $40 billion valuation, the company announced on Wednesday.
Funds managed by affiliates of Fortress Investment Group AND Citadel Securitiesalong with Panther Capital, Digital Galaxy, Brevan Howard AND Marshall Wace managed the investment. Since its founding in 2012, the San Francisco-based company has now raised nearly $800 million in funding, in accordance with Crunchbase data. Other sponsors include: Andreessen Horowitz, Partners of the Lightspeed enterprise, Panther Capital, Abstract AND Standard charter bank.
According to the company, the latest raise follows a recent $1 billion tender offer at the same valuation. However, reports claim that Ripple “came up empty-handed” after attempting to buy back $1 billion price of stock from employees.
Meanwhile, Ripple executives say the recent fundraising follows the company’s “strongest year to date.”
“We started in 2012 with one use case – payments – and have expanded this success to custodial services, stablecoins, brokerage services and corporate treasury, leveraging digital assets like XRP.” Brad GarlinghouseCEO of Ripple, said in release. “Today, Ripple is a partner of institutions wanting to gain access to cryptocurrencies and blockchain.”
As of November 5, global enterprise capital funding for financial technology startups in 2025 has reached $43.5 billion across 3,188 deals, in accordance with Crunchbase data. This represents a 26.8% increase in dollars raised in comparison with the $34.3 billion raised across 4,214 deals during the same period in 2024.
Increasing acquisitions
It’s been a busy few years for the fintech company. In just over two years, Ripple has done it accomplished six acquisitionsvia Crunchbase dataincluding two price over $1 billion each. These purchases helped the company expand its footprint in payments, deposits and stablecoins, while also entering recent markets for brokerage and treasury management services.
For example, in April, Ripple announced that it could take over a brokerage house Hidden path for $1.25 billion in one of the largest mergers and acquisitions deals in cryptocurrency history.
In March U.S. Securities and Exchange Commission dropped A legal case against Ripple, who accused it of conducting an illegal securities offering.
It was a good year for the cryptocurrency sector. Blockchain lender shares Character closed up 24.4% at $31.11 in first-day trading. The stock has recently been trading in the $38 range.
And in early June, shares Wheel closed up 168% at $83.29 on its first day of trading on the exchange New York Stock Exchange, the minting of a stablecoin issuer with a market capitalization of roughly $16.7 billion and renewed hopes for a rebound in the IPO market. The stock recently traded in the $118 range.