Ripple

blockchain

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 02/03/2021

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MEDICI Analysis

Ripple provides infrastructure and transaction protocols that enable banks to provide financial settlements at lower costs via a distributed network. This is done by enabling banks to transact directly, instantly, and with the certainty of settlement. The Ripple settlement infrastructure or the Ripple protocol enables two critical functions – a common ledger to connect banks & payment networks and a real-time funds-exchange to settle transactions. Recently, Ripple was selected for the 2019 Forbes FinTech 50 startups list.

Focus

PRODUCTS & SERVICES

Ripple offers plug-and-play products for banks and financial institutions to meet their needs for real-time cross-currency settlement and FX market making. It also provides direct support (consultative, professional services, technical development) to its partner banks and market makers.

REVENUE MODEL

Though the revenue model is not disclosed, Ripple could be earning revenue for professional services provided to business partners/clients and from software integration provided to banks/FS firms.

MAIN CLIENTS

Banking CLIENTS: Standard Chartered

UniCredit

Bank of America Merrill Lynch

RBC

Westpac

Santander

CIBC

UBS

Mizuho

NAB

ATB Financial

BMO

SHRB

SCB

NBAD

Cross River Bank

CBW Bank

Fidor Bank

and Reise Bank.

EXISTING PARTNERSHIPS

Integration partners: Accenture

CGI

Expertus

intellect

and Volante.

PRIMARY PROBLEM SOLVED

Ripple solutions lower the total cost of settlement by enabling banks to transact directly, instantly, and with the certainty of settlement.

COMMENT

Banks exchange payment and fee information on Ripple before payments execute, minimizing the risk of failure. Funds are settled between Ripple-connected banks in seconds with end-to-end visibility into every transaction.

Traction

VALUATION / MARKET CAP:

$5 B in 2016

VALUATION COMMENT:

After the latest round, the company's valuation is at $5 billion. (Sep 2016)

COMPANY TYPE:

For Profit

ACTIVE USERS COMMENT:

Currently, Ripple's network is being used by 200 customers including the top 15 global banks. (Feb. 2019)

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

334,739

AVERAGE VISITS (6 MONTHS)

338,428.44

MONTHLY VISITS GROWTH

-0.04%

VISIT DURATION

1,081

VISIT DURATION GROWTH

845.66%

PAGE VIEWS VISIT

2.85

PAGE VIEWS VISIT GROWTH

10.16%

BOUNCE RATE

61.05%

BOUNCE RATE GROWTH

-1.3%

GLOBAL TRAFFIC RANK

123,356

MONTHLY RANK CHANGE

-21,263

MONTHLY RANK GROWTH

-14.7%

Innovation Programs

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