# Ripio.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ripio-com

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.ripio.com
- Total disclosed funding: $54M
- Latest round: Series B (Aug 23, 2021)
- Investors on record: 15

## About

Ripio is a prominent cryptocurrency exchange in Latin America, facilitating the buying, selling, and management of digital assets through various innovative financial solutions.Ripio, founded in 2013, is a cryptocurrency exchange that enables users to trade digital assets. The company has not mentioned any significant pivots in business strategy. Headquartered in San Francisco, US, Ripio was co-founded by Luciana Gruszeczka and Sebastian Serrano, who also serves as the CEO. The company has raised a total of USD 50.00 mn in funding through multiple rounds, with the most recent being a Series B round on August 23, 2021, led by Digital Currency Group Inc. and supported by investors including Amplo, Boost VC, and Draper Associates.Ripio offers a comprehensive suite of products for cryptocurrency users, including a trading platform for buying and selling cryptocurrencies, a crypto card for spending digital assets, and a wallet solution supporting various cryptocurrencies and NFTs. The company services both individual consumers and enterprises, facilitating engagement with decentralized applications (dApps) and providing tailored solutions for businesses to adopt cryptocurrency solutions.Ripio's revenue model includes transaction fees from cryptocurrency trades, premium accounts, and additional services like over-the-counter (OTC) trading and cryptocurrency liquidity provision. Users are charged fees based on their trading volume and service type, while partnerships with businesses allow for tailored solutions integrating cryptocurrency payments. Ripio's ecosystem operates on a B2B and direct-to-consumer model, allowing for seamless digital asset exchanges.In August 2021, Ripio raised USD 50.00 mn in Series B funding to support its expansion into Colombia, Mexico, and Uruguay within the same year. The company plans to enhance its product offerings and establish operations in these new markets to further enhance its presence in Latin America.

## Funding rounds

- Series B, Aug 23, 2021, $50M — Boost VC, Draper, FJ Labs, Digital Currency Group Inc., Amplo
- Series A, Mar 2, 2020 — FJ Labs
- Series A, Apr 26, 2017, $0.4M — Pelion Venture Partners
- Series A, Jan 3, 2017, $1.9M — The Whittemore Collection Ltd., Digital Currency Group, Boost VC, Draper, Fenbushi Capital, Huiyin Blockchain Venture
- Seed, Jun 17, 2014, $0.6M — Pantera Capital, Boost Bitcoin Fund
- Seed, May 26, 2014, $1.2M — FundersClub, Digital Currency Group, Pantera Capital, Marc Bell Capital
- Seed, Sep 1, 2013, $0M — NXTP Ventures

## Investors

- NXTP Ventures (https://capitalatlas.ai/funds/nxtp-ventures) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed, Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Marc Bell Capital (https://capitalatlas.ai/funds/marc-bell-capital) — Seed
- Boost Bitcoin Fund — Seed
- The Whittemore Collection Ltd. — Series A
- Boost VC (https://capitalatlas.ai/funds/boost-vc) — Series A, Series B
- Draper (https://capitalatlas.ai/funds/draper) — Series A, Series B
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series A
- Huiyin Blockchain Venture — Series A
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A, Series B
- Digital Currency Group Inc. — Series B
- Amplo (https://capitalatlas.ai/funds/amplo) — Series B