We are pleased to announce that we have successfully raised Series A funding, read today’s full press release below.
SAN DIEGO, CA – Onramp Invest, a digital asset platform for financial advisors, has raised an undisclosed amount of Series A funding with lead investor JAM FINTOP, an early stage fintech investor on behalf of regulated financial institutions.
Since launch, Onramp Invest has led the way in helping financial advisors compliantly provide digital asset services to their clients. Whether linking their client’s outside crypto accounts, opening discretionary cryptoasset accounts with qualified custodians, integrating client data with their favorite third-party software, assigning model portfolios, and incorporating individualized cryptoasset advice into their planning conversations, the financial advisor community has been paramount in informing our development and future roadmap. With additional capital, our innovation velocity will accelerate. In turn, we are set to onboard more financial advisors who seek to provide individualized financial advice that includes direct exposure to digital assets.
“The purpose of our latest funding round is twofold – locate a partner that can provide operating experience and growth capital to accelerate our go-to-market strategy, as well as position Onramp Invest for the next phase of digital asset growth, which we believe will run through regulated financial institutions. We are confident our partnership with JAM FINTOP provides us both opportunities.” – Eric Ervin, CEO of Onramp Invest.
JAM FINTOP brings together bank experts and seasoned fintech entrepreneurs to invest in companies changing the way financial institutions and their customers move, track, and interact with money. JAM has a 27-year history investing in public and private community banks, and FINTOP Capital is a leading fintech investor with over 140 years of collective experience. JAM FINTOP manages two venture capital funds in which most of the investors are regulated financial institutions. Among the JAM FINTOP limited partners are over 80 banks with more than $1 trillion in combined assets (the JAM FINTOP Network). Viewed as a single entity, the JAM FINTOP Network would rank as the fifth largest commercial bank in the United States. The JAM FINTOP Network should provide a meaningful opportunity to expose the Onramp platform to innovation-minded, regulated financial institutions seeking to compliantly offer digital assets to their customers.
“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 well-positioned to be such a solution.” – Ryan Zacharia, (General Partner at JAM Special Opportunity Ventures) and Chris Haley (General Partner at FINTOP Capital).
Chris Haley will be joining the Board of Directors at Onramp Invest. Chris is a seasoned advisor and operating executive to the high-growth technology and business services sectors. Notable to the RIA space, Chris spent several years as the Chief Financial Officer of Black Diamond Wealth Platform, and will be applying his strong strategic and financial skills to the Board.
About Onramp Invest
Onramp Invest is the company that connects the world of digital assets with regulated financial institutions and professionals. As financial technology and digital asset innovation continues to expand at a rapid pace, financial advisors, RIAs, broker-dealers, asset managers, and commercial banks can interface with Onramp Invest to help bridge the gap between the traditional and digital markets in a way that is compliant, efficient, and drives desired investor outcomes.
JAM FINTOP is a brand name. When referring to investment funds JAM FINTOP refers to the joint venture between Jacobs Asset Management (JAM) and Nested Rails (d/b/a FINTOP Capital) as co-investment managers of those investment funds. JAM Special Opportunity Ventures, an affiliate of JAM, is a member of the general partnerships of JAM FINTOP investment funds.
The JAM FINTOP Network refers to the underlying limited partners in the JAM FINTOP investment funds, as well as entities that have joined the Network on a fee-based basis. Neither Jacobs Asset Management, JAM Special Opportunity Ventures nor FINTOP Capital provide investment advisory services to the JAM FINTOP Network.
Jacobs Asset Management and JAM Special Opportunity Ventures are not affiliated with Nested Rails (d/b/a FINTOP Capital).