Ramper

Ramper operates in the Web3 infrastructure market, providing software development kits (SDKs) and APIs that enable developers of decentralized applications (DApps) to offer simplified user onboarding. The company’s core product allows end-users to create a non-custodial crypto wallet and log in to DApps using familiar Web2 methods like email, social logins, or FaceID, removing the need for browser extensions or seed phrases. This directly addresses the significant friction point for new users entering the Web3 space. Ramper's business model is centered on providing these tools to DApp developers, who are its primary clients. The service initially launched on the Terra and Polygon blockchains with plans to expand to other networks.

The company was co-founded by Sisun Lee, Hoa Mai, Karl Jin, and Chris Yang. Lee, a serial entrepreneur who previously founded the consumer brand More Labs, has a background as a product manager at prominent tech companies including Facebook, Uber, and Tesla. His experience at Facebook's Internet.org, focusing on user onboarding in emerging markets, directly informs Ramper's mission. The founding team possesses collective experience from major tech firms such as Google, Apple, Amazon, and Goldman Sachs.

In March 2022, Ramper announced a $3 million pre-seed funding round led by Hashed, with participation from Terra, Polygon, Samsung NEXT, and 500 Global, among others. Later, in April 2023, the company secured a strategic investment from Coin98, an open infrastructure financial services builder, to continue its operations and accelerate its offerings under new leadership. Ramper’s technology utilizes an Embedded Multi-Party Computation (EMPC) architecture, which enhances security by splitting and encrypting a user's secret key across multiple locations. The platform also offers an NFT checkout solution that supports both cryptocurrency and traditional fiat payments, handling chargebacks and paying creators in their contract's native token.

Keywords: Web3 onboarding, SDK, API, non-custodial wallet, social login, decentralized applications, DApp developers, blockchain infrastructure, user authentication, key management, crypto wallet, Sisun Lee, Hashed, Coin98, Polygon, Terra, NFT checkout, fiat on-ramp, Embedded Multi-Party Computation, EMPC, digital identity, crypto login, user-friendly Web3, seamless crypto