“We build decentralised, robust infrastructure to make crypto apps not just powerful, but also delightful. Our technology will unlock a future where everyone can exchange value as easily and as efficiently as using the Internet. We strive to make this a reality for everyone, not just a handful of crypto-natives.”
Ramp site
What is Ramp?
Ramp was started by two friends Szymon Sypniewicz and Przemysław Kowalczyk. They were interested in cryptocurrency for years but they spot an opportunity to solve – people are scared of buying crypto because they do not have an easy and reliable tool to buy and manage cryptocurrency. In interviews, they always say: we want to make cryptocurrency easier to buy. They are working on a tool that can revolutionize the market of crypto.
Now we observe that all tools work on the same principles: client buying crypto on one platform has to store currency on the same platform, but if wants to sell it, need to do a lot of steps to make it happen. Ramp wants to design a well-aligned and friendly UX to make it easier to buy cryptocurrency. “Interactions with cryptocurrency world should be that easy like payments on the internet” – Sypniewicz said. They also give a solution that helps asset tokenization.
What they achieved?
The Ramp was created in 2018 but now they are actually a significant gamer on the market. At first, they were classified as a start-up from Poland but when they increase income in one year by 3000 percent and trebled numbers of workers they show the world how important manage they are. Moreover, they encourage 400 partners to cooperate with them and invest money. In the first A fund round they collected 53 million dollars from NfX Fund (one of the top seed funds from Silicon Valley) or Mozilla. They also convinced Morgan Beller, who created Facebook’s crypto – Libry.
Moreover, their start-up was assessed on 10 billion dollars. As Sypniewicz said if their idea comes up that number can increase to 100 billion dollars.
What about the future?
For now, they got 53 million dollars and they started hiring, and want to treble a number of workers. Furthermore, they open a new office in Wrocław for product development workers and another in London. Now the expands UK, France, Italy and USA markets. They got also an MSB license, which helps them to service clients.
Useful links:
https://docs.ramp.network
Sources:
https://ramp.network/about/
https://docs.ramp.network
https://www.forbes.pl/technologie/polski-kryptowalutoway-start-up-ramp-z-nowym-rekordowym-finansowaniem/tmm6bcw?tpcc=lnkdin_forbes&utm_campaign=post&utm_content=f52dacd2-06a9-42b0-97d9-c26e35d8b645&utm_medium=social&utm_source=lnkdin_forbes
https://www.money.pl/gospodarka/polski-startup-pozyskal-duze-finansowanie-to-rekord-w-polskiej-branzy-6715629847153504a.htmlhttps://www.money.pl/gospodarka/polski-startup-pozyskal-duze-finansowanie-to-rekord-w-polskiej-branzy-6715629847153504a.html
It’s nice to read about the success of such young Poles. I think that their startup turned out to be such an achievement because, for people who are not quite comfortable with the subject of cryptocurrencies and do not know the whole process very well yet, it was very helpful. I am not very familiar with the subject myself and if I wanted to start my adventure with cryptocurrencies, I would be looking for a solution that they created that would allow for all activities in one place.
Great to see polish start-ups achieving global successes. Being advised by Y Combinator is a big thing but gaining so many investments is just mind blowing. The service they offer is obviously very useful, bright future for Ramp is yet to come.