Crypto-fiat gateway payments provider Ramp publicized that it had raised $52.7 million in a Series A funding round headed by Balderton Capital, NFX, Galaxy Digital, Seedcamp, Firstminute Capital, and angel investors.
Ramp enables its partner brands to offer crypto-enabled services, claiming that it takes hours for developers to integrate their decentralized applications with its software.
It has over 400 partners, including Axie Infinity, Mozilla, Opera Browser, Dapper Labs, Aave, Argent, Trust Wallet, and Zerion. The firm has regulatory approval in the U.S., U.K., and Poland.
Current uses of Ramp include purchasing cryptocurrencies for storage in wallets directly in the Opera internet browser, buying and selling in-game content within fantasy football NFTs, game Sorare, and onboarding new players in monster battle NFTs game Axie Infinity.
In the future, Ramp developers plan to expand the software to help facilitate crypto transactions for financial institutions within their banking apps.
