Onramp Invest Raises $7M to Complete Series A Funding

SAN DIEGO–(BUSINESS WIRE)–Onramp Invest, the leading turnkey digital asset platform for financial professionals, has completed its Series A funding round with a total of $7 million raised by lead investors JAM FINTOP and EJF Capital LLC (“EJF”), who participated through its affiliate, EJF Silvergate Ventures Fund.

Since its inception, Onramp Invest’s mission has been to remove barriers to investment in digital assets and help financial professionals intelligently and safely provide crypto investment services to their clients. In turn, the financial services community was paramount in informing Onramp’s development and feature roadmap. Onramp Invest offers an unparalleled suite of tools and services on an easy-to-use, fully integrated platform where financial professionals can:

  • Onboard clients in less than five minutes and easily connect and view their portfolios on integrated dashboards

  • Opening Discretionary Accounts of Multiple Trustees

  • Invest and track a wide variety of digital assets

  • Access an expanding library of model portfolios, indices and automated services in the Onramp Model Marketplace

  • Learn from Onramp Academy, an evolving library of content, thought leadership and interactive tools to build deep expertise in digital assets

  • Integrate customer data with a number of widely used tools and platforms

Onramp Academy, previously a subscription service, will now be available for free to all financial professionals. And Onramp Invest will soon add the exclusive option to build and share custom models within the Onramp Model Marketplace.

“With this funding, we will be able to accelerate the speed of our innovation and expand marketing and communications to financial professionals so they can take full advantage of Onramp Invest today. Custom models and separately managed accounts will be great first steps in this innovation,” said Eric Erwin, CEO of Onramp Invest. “In addition to their investments, JAM FINTOP and EJF bring significant operational experience and industry guidance to help ensure that Onramp Invest is ideally positioned for the next phase of digital asset growth.”

Chris Haley, General Partner at JAM FINTOP, has joined the Board of Directors of Onramp Invest. He is an experienced advisor and operational executive in the fast-growing technology and business services sectors. Notable for the RIA space, Haley spent several years as Chief Financial Officer of the Black Diamond Wealth Platform and will bring his strong strategic and financial skills to the board.

“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 meet changing customer preferences in this space, and we believe Onramp Invest is ideally positioned to be that solution,” Haley said.

“We believe Onramp Invest is building a mission-critical piece of the technology infrastructure needed to further institutional adoption of digital assets. With years of experience in the wealth management industry, Eric and the team have a unique skill set to fulfill their vision of becoming a trusted partner to the global financial advisor community, many of whom are looking for solutions to adapt to the needs and demands of their core clients ” said Jonathan Bressler, EJF Managing Director.

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 continue to expand at a rapid pace, financial advisors, RIAs, broker-dealers, asset managers and commercial banks can interact with Onramp Invest to help bridge the gap between traditional and digital markets in a manner that is compliant, efficient and drives the desired outcomes for investors.

About JAM FINTOP

JAM FINTOP brings together banking 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 of 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. JAM FINTOP’s limited liability partners include over 90 banks with more than $1 trillion in combined assets (the JAM FINTOP network). Taken as a whole, JAM FINTOP Network would rank as the fifth largest commercial bank in the United States.

About EJF Capital

EJF Capital is a global alternative asset management firm headquartered out of Washington, DC with offices in London, England and Shanghai, China. As of March 31, 2022, EJF manages approximately $5.1 billion in a diverse group of alternative asset strategies. EJF has approximately 80 employees, including an experienced investment team of approximately 30 professionals with significant experience in banking, finance, fintech and real estate. The firm was founded in 2005 by Manny Friedman and Neil Wilson and has focused on investment themes driven by regulatory events since its inception.

Rebuttal

JAM FINTOP is a trademark. 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 joint investment managers of these 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 main limited partners in the JAM FINTOP Investment Funds, as well as entities that have joined the network on a fee 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).

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