Onramp Invest, which provides advisors with cryptoasset management tools, has raised $7m in its Series A funding round.
Contributions to the round came from JAM FINTOP and EJF Capital.
With the funds, Onramp plans to accelerate its innovation efforts and expand marketing and communications to financial professionals.
The mission of Onramp is to remove barriers to digital asset investment and help financial professionals offer safe crypto investment services to clients. It currently offers a suite of tools and services through a fully integrated platform. The company offers a consolidated view of clients and their portfolios to improve management capabilities.
Clients can onboard clients in less than five minutes, open discretionary accounts across multiple custodians, invest in and track a variety of digital assets, integrate client data with various tools, and access a library of portfolios, indices and automated services.
The Onramp Academy service, which was previously subscription-based, has been made free to all financial professionals. It offers cryptocurrency learning resources, research and powerful tools.
As part of the investment, JAM FINTOP general partner Chris Haley has joined the Onramp board of directors.
Haley said, “Our investment in Onramp Invest reflects our view that digital assets are poised to grow exponentially over the next decade. Regulated financial institutions need compliant solutions that integrate with existing systems and satisfy evolving customer preferences in this space, and we believe Onramp Invest is ideally positioned to be such a solution.”
Earlier in the year, Onramper closed its seed round on $6m. The company offers crypto-enabled applications through its API.
Copyright © 2022 FinTech Global