SAN DIEGO–(BUSINESS WIRE)–Onramp Invest, the first turnkey digital asset platform for finance professionals, has completed its Series A funding round with a total of $7 million raised from lead investors JAM FINTOP and EJF Capital LLC (“EJF”), who participated through its subsidiary, the EJF Silvergate Ventures fund.
Since its inception, Onramp Invest’s mission has been to remove barriers to investing in digital assets and help finance professionals intelligently and securely deliver crypto investment services to their clients. In turn, the financial services community played a huge role in Onramp’s feature development and roadmap. Onramp Invest offers an unparalleled suite of tools and services in an easy-to-use, fully integrated platform where finance professionals can:
Onboard clients in less than five minutes and easily link and view their portfolios on integrated dashboards
Open discretionary accounts with multiple custodians
Invest and follow 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 free of charge to all finance professionals. And Onramp Invest will soon add the exclusive option to create and share custom models within the Onramp Model Marketplace.
“With this funding, we will be able to accelerate our speed of innovation and extend marketing and communication to finance professionals so that they can take full advantage of Onramp Invest today. Custom templates and separately managed accounts will be great first steps in this innovation,” said Eric Ervin, CEO of Onramp Invest. “In addition to their investment, JAM FINTOP and EJF provide significant operating experience and industry advice to help ensure that Onramp Invest is ideally positioned for the next phase of digital asset growth.”
Chris Haley, general partner of JAM FINTOP, has joined the board of directors of Onramp Invest. He is a seasoned advisor and operating executive in the high-growth technology and business services sectors. Notable in the RIA space, Haley spent several years as Chief Financial Officer of Black Diamond Wealth Platform and will apply her strong strategic and financial skills to the board.
“Our investment in Onramp Invest reflects our vision 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 uniquely positioned to be such a solution,” said Haley.
“We believe Onramp Invest is building a critical part of the technology infrastructure necessary for further institutional adoption of digital assets. With years of experience in the wealth management industry, Eric and his team possess a unique skill set to realize their vision of becoming a trusted partner to the global financial advisor community, many of whom are seeking solutions for their adapt to the needs and demands of their customers. underlying customers,” said Jonathan Bresler, EJF’s Managing Director.
About Onramp Invest
Onramp Invest is the company that connects the world of digital assets with financial institutions and regulated professionals. As financial technology and digital asset innovation continues to develop at a rapid pace, financial advisors, RIAs, brokers, asset managers and commercial banks can interface with Onramp Invest to help bridge the gap between traditional and digital markets in a way that is compliant, efficient and drives the results investors want.
About JAM FINTOP
JAM FINTOP brings together banking experts and seasoned fintech entrepreneurs to invest in companies that are changing the way financial institutions and their customers move, track and interact with money. JAM has been investing in public and private community banks for 27 years, 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 investors are regulated financial institutions. Among JAM FINTOP’s sponsors are over 90 banks with over $1 trillion in combined assets (the JAM FINTOP network). Considered as a single entity, the 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 outside 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 around 80 employees, including a seasoned investment team of around 30 professionals with significant experience in banking, finance, fintech and real estate. The firm was founded in 2005 by Manny Friedman and Neal Wilson and has focused on event-driven regulatory investment themes since its inception.
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 these investment funds. JAM Special Opportunity Ventures, a subsidiary of JAM, is a member of the general partnerships of the JAM FINTOP investment funds.
The JAM FINTOP Network refers to the underlying sponsors of the JAM FINTOP investment funds, as well as entities that have joined the network on a paid 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).