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Santander InnoVentures Puts $4M in Ripple as Series A Investor

Ripple, the cryptocurrency-based payments system, announced that Santander InnoVentures (Santander Group’s $100-million FinTech venture capital fund) is investing $4 million in its recent Series A funding round as an investor, bringing the round’s total to $32 million. Until now, the firm has raised $41 million in total. Santander is set to join Ripple as a board member.

Santander InnoVentures is a natural fit in this round because of their demonstrated support for real-time international payments and their commitment to new technologies that enable Santander to empower ...

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