Onramp Invest, the premier, turnkey digital asset platform for financial 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”), which participated through its affiliate, the EJF Silvergate Ventures Fund.
Since its inception, Onramp Invest’s mission has been to break down barriers to digital asset investment and help financial professionals smartly and safely provide crypto investment services to their clients. In turn, the financial services community has been paramount in informing Onramp’s development and feature roadmap. Onramp Invest offers an unmatched suite of tools and services on an easy-to-use, fully-integrated platform where financial professionals can:
- Onboard clients in under five minutes and easily link and view their portfolios on integrated dashboards
- Open discretionary accounts across multiple custodians
- Invest in 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 client data with a number of widely used tools and platforms
Onramp Academy, previously a subscription service, will now be available 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 our innovation velocity 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 that innovation,” stated Eric Ervin, CEO of Onramp Invest. “In addition to their investment, JAM FINTOP and EJF provide significant operating experience and industry guidance to help ensure 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 at Onramp Invest. He is a seasoned advisor and operating executive in the high-growth technology and business services sectors. Notable to the RIA space, Haley 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.
“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,” said Haley.
“We believe that Onramp Invest is building a mission-critical part of the technology infrastructure required for 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 execute their vision of becoming a trusted partner to the global financial advisor community, many of whom are seeking solutions to adapt to the needs and requests of their underlying clients,” said Jonathan Bresler, Managing Director at EJF.