Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
Ripple announced its agreement with the global investment firm Monday, noting that Ripple Prime’s revenue has tripled in the last year, when. it acquired it for $1.25 billion.
Ripple's successful fundraising and tripling of revenue for Ripple Prime are likely to boost investor confidence, leading to an increase in XRP prices. The positive sentiment surrounding the expansion may attract more institutional interest.
Ripple announced its agreement with the global investment firm Monday, noting that Ripple Prime’s revenue has tripled in the last year, when. it acquired it for $1.25 billion.
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