The firm was founded by Meyer Malka, a Venezuelan businessperson. Ribbit focuses on technology companies involved in lending, payments, insurance, accounting, tax preparation and personal financial management. 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. The firm also invested directly in bitcoin. Aside from direct investments in bitcoin, Ribbit has financed five bitcoin companies.
Ribbit raised a $100m fund in 2013, a $125m fund in 2014 and a $226m fund in 2015.
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