附近上门

, a crypto payments startup, has raised $500 million at a $40 billion valuation, the company announced on Wednesday.

Funds managed by affiliates of and , along with , , and led the investment. The San Francisco-based company has now raised just under $800 million in funding since its 2012 inception, per 附近上门 . Other backers include , , , and .

The latest raise follows a recent $1 billion tender offer at the same valuation, the company says. However, claim that Ripple 鈥渃ame up empty-handed鈥� after the attempt to buy back $1 billion worth of shares from employees.

Meanwhile, Ripple executives say the new fundraise follows the company鈥檚 鈥渟trongest year to date.鈥�

鈥淲e started in 2012 with one use case – payments – and have expanded that success into custody, stablecoins, prime brokerage and corporate treasury, leveraging digital assets like XRP,鈥� , Ripple CEO, said in a . 鈥淭oday, Ripple stands as the partner for institutions looking to access crypto and blockchain.鈥�

Global venture funding to financial technology startups in 2025 has, as of Nov. 5, reached $43.5 billion across 3,188 deals, per 附近上门 . That鈥檚 a 26.8% increase in dollars raised compared to the $34.3 billion raised across 4,214 deals during the same time period in 2024.

Growing acquisitions

It has been a busy couple of years for the fintech company. In just over two years, Ripple has , per 附近上门 , including two valued at over $1 billion each. Those buys helped the company expand its footprint across payments, custody and stablecoins, while entering new markets in prime brokerage and treasury management.

For example, in April, Ripple announced it was acquiring brokerage house for $1.25 billion in one of the biggest M&A deals ever in crypto.

In March, the dropped a Ripple that accused it of conducting an illegal securities offering.

It鈥檚 been a good year for the crypto sector. Shares of blockchain lender closed up 24.4% at $31.11 in first-day trading. More recently, shares have been trading in the $38 range.

And in early June, shares of closed up 168% at $83.29 in their first day of trading on the minting the stablecoin issuer with a market cap of around $16.7 billion and renewing hopes for an IPO market rebound. More recently, shares have traded in the $118 range.

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