Blockchain startup, Ripple, has completed a $55 million Series B funding round, with financing from new investors including Standard Chartered, Accenture Ventures and SBI Holdings.

The FinTech firm will use the funds to accelerate customer growth, pursue strategic partnerships and expand internationally.

Existing investors in Ripple include Google Ventures, Andreessen Horowitz, IDG Capital Partners and AME Cloud Ventures. With the new injection of funds, the startup has received more than $93 million since its inception in 2012.

Chris Larsen, CEO and co-founder of Ripple, said: “Our mission is to make cross-border payments truly efficient for banks and their customers, and in doing so, lay the foundation for an Internet of Value where the world moves money as easily as information. We are thrilled to have these world-class investors joining forces with us to help make this vision a reality.”

Now working with 15 of the top 50 global banks, Ripple is able to draw from new counsel and expertise to better serve its growing customer base around the world.

Alex Manson, global head of transaction banking at Standard Chartered, added: “Ripple is one of the most advanced distributed financial technology companies in the industry with a tested and viable solution.

“Leveraging Ripple’s deep expertise in technology, financial services and compliance, we can co-develop more use cases to better serve our clients and their ecosystems’ needs in an evolving marketplace.”

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