Ripple Valued At $50 Billion Following $750 Million Buyback From Investors And Employees

Ripple is valued at about $50 billion after planning a $750 million share buyback from investors and employees, according to a report by Bloomberg. The fintech, known for its ties to the XRP cryptocurrency, has seen its valuation climb roughly 25% since raising $500 million in November from investors including affiliates of Citadel Securities and Fortress Investment Group, standing out as a rare growth story in a crypto market that has slumped even as the company expands through acquisitions and global payments infrastructure. FOUNDERS: Ryan Fugger, Chris Larsen, Jed McCaleb & Arthur Britto VALUATION: $50,000,000,000 HQ: San Francisco, California #VentureCapital #Ripple #TradedVC