Ramp Network
UK/EU firm that plugs licensed fiat-to-crypto buying and selling into wallets and apps.
On the record
Checkpoint: Traction check on Ramp's April 2026 consumer wallet launch
The call
Ramp Network keeps its licenses and wallet integrations intact while Stripe, Coinbase, and Kraken build rival rails and its own funding clock runs long.
Ramp Network is a company that helps people convert regular dollars into cryptocurrency through hundreds of wallets and apps. It has real government licenses in the UK, US, and Europe, which are hard to get but not impossible for competitors. The problem is that Stripe, Coinbase, and Kraken already built their own versions and have way more money and users to work with, so Ramp is stuck in the middle: too small to win on brand and resources, but with real licenses that stop it from disappearing overnight. The one thing that could matter is whether Ramp's new bet on selling directly to consumers (instead of just to other apps) actually works over the next year, or whether it just annoys the wallet companies that currently send it business.
Why
01
AI pressure: Sardine, Crossmint (AI-driven KYC/fraud and onramp tooling). AI-heavy compliance rivals cut fraud and KYC costs faster, squeezing the margin Ramp Network relies on to survive. Could AI do the core job? Unlikely.
02
Bigger players: Stripe, Coinbase (Onramp/Offramp APIs), Kraken Ramp. Stripe and Coinbase now offer their own fiat-to-crypto rails with more capital and equal or better licensing, pulling wallet partners away. Could a giant copy it? Yes, easily.
03
What protects it. Licenses across the UK, EU, and US plus embedded spots inside MetaMask, Trust Wallet, and other wallets that are costly to rip out.
What would change this call
Ramp Network announces a new funding round or acquisition by mid-2027. Would show whether it stays independent or gets absorbed amid margin pressure.
MetaMask or Trust Wallet switches its default onramp to Stripe or Coinbase. Would confirm loss of a major distribution partner to a bigger rival.
Ramp Network's April 2026 consumer wallet shows measurable user retention within 12 months. Would show whether its pivot beyond B2B onramps is gaining real traction.
MetaMask or Trust Wallet switches its default onramp to Stripe or Coinbase. Would confirm loss of a major distribution partner to a bigger rival.
Ramp Network's April 2026 consumer wallet shows measurable user retention within 12 months. Would show whether its pivot beyond B2B onramps is gaining real traction.
Key numbers
- $70M Series B at $450M valuation
- No funding round since Nov 2022
- Estimated $30-31.5M annual revenue
Named risks
- No funding round reported since Series B in November 2022, a roughly 3.5-year gap.
- Better-capitalized giants Stripe, Coinbase, Kraken already ship competing onramp products.
- Sector consolidation via M&A (Banxa, Simplex acquired, MoonPay rolling up ~7 deals) raises exit/acquihire pressure.
- Flat to declining headcount, with one source citing 17% YoY drop.
- Brand confusion with unrelated $44B-valued 'Ramp' (ramp.com) could dilute visibility.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Stripe | gaining on | Shipped its own fiat-to-crypto onramp system, described 2026-03-22 |
| Coinbase | gaining on | Operates competing Onramp/Offramp APIs with deep capital and licensing |
| Kraken | gaining on | Launched Kraken Ramp leveraging existing money-transmitter and CASP licenses |
| Sardine, Crossmint | contesting | Market AI-heavy KYC and fraud-scoring stacks as differentiators, noted 2026-04-14 |
| Simplex, Banxa | losing to | Both acquired (Nuvei $250M; OSL Group), signaling sector-wide consolidation pressure |
Questions people ask
- Is Ramp Network profitable?
- No official profitability figures are disclosed. Third-party estimates from ZoomInfo and Growjo put Ramp Network's annual revenue around $30 to 31.5 million as of June 2026, but no profit or loss data has been publicly reported by the company.
- Who owns Ramp Network?
- Ramp Network is privately held and VC-backed, with no parent company. It last raised $70M in a Series B round in November 2022, co-led by Cogito Capital Partners and Korelya Capital, at a reported $450M valuation, and has not disclosed a funding round since.
- Is Ramp Network the same company as Ramp (ramp.com)?
- No. Ramp Network (rampnetwork.com) is a UK-based crypto on/off-ramp infrastructure firm founded 2017-2018 in Warsaw. Ramp (ramp.com) is an unrelated New York corporate spend-management fintech valued at about $44 billion as of June 2026.
- Could AI replace Ramp Network?
- Not directly. Ramp Network's core value sits in regulatory licenses, UK FCA, US FinCEN plus six state MTLs, and EU MiCAR authorization from December 2025, which AI cannot replicate without independent licensing, though KYC and fraud-scoring tasks are increasingly automatable by rivals like Sardine.
- Who is Ramp Network's biggest competitor?
- Ramp Network is rated a 'Challenger' behind larger incumbents Coinbase, Stripe, and Kraken, all of which have already shipped competing fiat-to-crypto onramp products as of 2026, per CB Insights' industry positioning matrix dated 2026-05-28.
- Has Ramp Network raised funding recently?
- No. Ramp Network's last publicly reported round was a $70 million Series B in November 2022 at a $450 million valuation. As of mid-2026, no Series C, IPO, or acquisition has been reported, a roughly 3.5-year funding gap.
Timeline
- 2026-06-02Monad chain integration goes live on Ramp Network
- 2026-04-16Launches self-custodial multichain consumer wallet, first direct-to-consumer product
- 2026-03BSV listing added to supported assets
- 2026-02-24Partners with Halliday to support MegaETH mainnet launch
- 2025-12-03Ramp Swaps Ireland receives EU-wide MiCAR CASP authorisation
- 2025-12-02Adds 6 new US state Money Transmitter Licenses
- 2025-07-23Rolls out new checkout UX for faster buy and sell flows
- 2022-11-17Closes $70M Series B at ~$450M valuation
- 2021-12-14Closes $52.7M Series A led by Balderton Capital
- 2019-07Raises ~€1M pre-seed round
Revision history
21 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Crypto infrastructure start-up Ramp raises $52.7m in Series A round (2025-02-10)
- Licenses and registrations (2026-01-06)
- How Much Did Ramp Network Raise? Funding & Key Investors (2026-05-24)
- Funding, Investors, and More
- Ramp Network Raises $53M to Simplify Crypto Payments (2021-12-14)
- Ramp Network Raises $70M in Series B Funding (2022-11-17)
- Ramp Swaps - Overview, News & Similar companies (2026-06-06)
- Web3 financial infrastructure
- Ramp - Headcount, Funding & Open Jobs (2026-07-08)
- Best Stablecoin Onramps 2026 (2026-06-30)
- The new Ramp Network checkout is live (2025-07-23)
- Ramp Network Expands to 6 More US States (2025-12-02)