Ribbit Capital

Ribbit Capital

Ribbit Capital is a global venture capital firm focused on fintech (financial technology). It was founded in 2012 and is located in Palo Alto, California.

History

The firm was founded by Meyer Malka and focuses on technology companies involved in lending, payments, insurance, accounting, tax preparation and personal financial management. Malka states that Ribbit Capital invests in already established companies. It generally invests between $2 million and $15 million in early stage financial start ups. The firm has invested mostly in companies headquartered in the United States, Latin America, and Europe.

Investments

The firm has invested directly in Bitcoin. In addition to direct investments in Bitcoin, Ribbit has financed five Bitcoin companies. Other notable investments include Robinhood, Battery Ventures, Cross River Bank, Lending Home, and Root.In 2018, United Kingdom-based unicorn start-up Revolut raised $1.7 billion with investment contributions from venture capital firms including Ribbit.

Ribbit Capital has raised five funds as of 2019. There was a $100 million fund in 2013, a $125 million fund in 2014 and a $226 million fund in 2015, a $300 million fund in 2017, and a $420 million fund in 2018.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Robinhood (company)

Robinhood is a Palo Alto, California-based financial technology company founded in 2013. They offer free stock and equity trading and commission-free crypto-trading.

Nubank is a financial technology company based in Brazil issuing, administrating, processing and transfering payments related to post-paid credit cards and equity investments.

A financial technology company with a mobile application to manage personal loan. Founded in 2011 and has headquarters in Santa Monica, California.

Revolut is a London-based Fintech startup and bank offering mobile banking, card payments, money remittance, and foreign exchange services.

A financial technology company providing payments solutions that allow businesses to accept, process and disburse payments.

GuiaBolso is a personal finance platform automatically aggregating people's financial information who also offer credit and investment products.

Digit is a San Francisco-based financial mobile application analyzing a users spending habits and automatically saving money for them.

Vouch is an insurance company for startups.

Groww is a financial services company founded by Lalit Keshre.

Capital Float is a Bangalore-based online platform providing working capital financing to small and medium enterprises in India.

Figure is a San Francisco-based company that uses blockchain technology to provide home equity loans online.

Earnin is a Palo Alto, California-based mobile banking company giving users access to their pay directly from mobile application.

Credit Karma is a personal finance company providing finances and credit information to improve its members financial standing.

Funding Circle is a San Francisco-based multinational peer-to-peer lending marketplace

ForUsAll is a San Francisco-based retirement planning and wealth management company offering retirement plans for small and medium sized businesses.

Raisin is a Berlin-based company offering a savings and investment marketplace to connect retail customers with banks looking to expand their deposit reach.

Also known as Viva Republica, Toss provides a peer-to-peer mobile payments platform in Korea.

As a hub between lenders and capital markets, dv01 provides one source of transparent data for bonds and whole loans.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
RH-D Ribbit Opportunity II, LLC
26,012,805
26,012,805
April 18, 2018
8,424,490
8,424,490
September 13, 2017
5,500,000
5,500,000
October 29, 2015
12,500,000
12,500,000
February 21, 2018
420,000,000
September 12, 2018
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People

Name
Role
LinkedIn

Antonio Bravo Acín

Investor

Cary Cole

Investor

Jay Reinemann

Investor

Kyle Matson

Employee

Meyer Malka

Founder

Nick Shalek

Partner

Nikolay Kostov

Partner

Shan M

Investor

Further reading

Title
Author
Link
Type
Date

Fintech Investor Ribbit Capital Sets $420 Million Goal for Its Latest Fund

Ana Alexandre

Web

September 13, 2018

Robinhood Raises $323 Million From DST, Sequoia, and Ribbit Capital

Daniel Kuhn

Web

July 22, 2019

Documentaries, videos and podcasts

Title
Date
Link

Interview with Nick Shalek of Ribbit Capital and Dan Romero of Coinbase - IIF Spring Membership Meet

June 6, 2014

Micky Malka of Ribbit Capital @ CoinSummit

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
FinSMEs
July 7, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

References

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