The Algorand Foundation has invested in Onramp.money, an Indian startup that offers fiat-to-crypto onramp and offramp solutions, as part of its strategic effort to promote Web3 solutions globally.
Onramp.money has extended its services to various countries around the world, such as Vietnam, the UAE, Turkey, and Mexico.
Onramp.money’s steady growth reflects the need for solutions that bridge the gap between traditional finance and the Web3 ecosystem. The platform has seen an impressive 100–200% monthly increase in both transactions and user engagement.
“At AlgoBharat, we are deeply committed to India. Our vision is ‘In Bharat for Bharat’, and our mission is to: grow the Web3 developer community, support the emerging Web3 startups through mentorship and investments, and partner with established entities from non-profits to academia and government bodies. We view India not only as a service provider, but also as a source of innovation.” said Anil Kakani, VP & India Country Head at Algorand Foundation.
