Crypto Payments Infrastructure Startup Ramp Raises $70M Series B

Ramp, a crypto payments infrastructure startup, raised $70 million in a Series B funding round co-led by Mubadala Capital and Korelya Capital in November 2022. The investment brought the company's total capital raised over the prior 12 months to more than $120 million, signaling strong institutional confidence in crypto on-ramp infrastructure. Ramp provides a suite of APIs and SDKs that allow businesses to embed crypto and digital asset purchasing functionality directly into their products, enabling end users to buy crypto without needing to use a standalone exchange.

This positions Ramp as an embedded finance infrastructure layer for the crypto economy. The participation of Mubadala Capital, Abu Dhabi's sovereign wealth fund arm, highlights growing MENA interest in crypto infrastructure. The round came at a time of significant turbulence in crypto markets, suggesting investors saw long-term value in the underlying payment rails rather than speculative token activity.