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Ribbit Capital (company)

Ribbit Capital (company)

Ribbit Capital, founded in 2012, is a global venture capital firm focused on fintech (financial technology). [21] [28] As of 2015, Ribbit had raised $446 million, the fourth-largest amount of money raised among U.S-based venture capital firms started since 2012. [21]

Ribbit Capital
Type
Limited Partnership[9]
IndustryVenture Capital
Founded2012
FounderMeyer 'Micky" Malka
HeadquartersPalo Alto, California, U.S.
Key people
Meyer Malka,Nick Shalek,Nikolay Kostov[16]
Websiteribbitcap.com

History

The firm was founded by Meyer 'Micky" Malka, a Venezuelan serial entrepreneur, [21] who co-founded the online brokerage Patagon, which sold to Banco Santander SA for $750 million in 2000. [28] In 2015, Malka was the only Latin American founder among the top 20 United States-based venture capital firms. [21]

Ribbit focuses on technology companies involved in lending, payments, insurance, accounting, tax preparation and personal financial management.

[9] It generally invests between $2 million and $15 million in early stage financial start ups.

[3]

The firm has invested in companies headquartered in the United States, [21] Latin America [10] and Brazil, [18] Europe, [25] [32] India, [6] and other regions worldwide. [12] [23]

The firm also invested directly in bitcoin. In 2014, Ribbit, in concert with Social + Capital Partnership, was reported to control 5% of all bitcoins. [28] [29] Aside from direct investments in bitcoin, Ribbit has financed five bitcoin companies. [29]

Ribbit raised three funds between 2012 and 2015, [21] including a $100 million fund in 2013, [4] a $125 million fund in 2014 [14] and a $226 million fund in 2015. [21]

Ribbit’s investors include SVB Capital, Silicon Valley Bank’s fund of funds group; Sequoia Heritage; Spanish banking group Banco Bilbao Vizcaya Argentaria S.A. [3] and Iconiq Capital, a wealth management group whose clients include Mark Zuckerberg of Facebook and Reid Hoffman of LinkedIn. Individual investors include David Lawee of Google Capital and Sheryl Sandberg of Facebook. [21]

Investments

CompanyIndustryDescriptionInvestment DateSize of RoundOther Participants
Activehours[19]Personal LenderAlternative to Payday lending where borrower determines their own service fees and can get paid in advance of payday.July 2014$4.1 millionFelicis Ventures
Borro[4]Secured LenderUK-US-based lender providing loans secured by fine arts, antiques, vintage cars and jewelry.March 2014$112 millionVictory Park Capital, Canaan Partners, Augmentum Capital, European Founders Fund, Eden Ventures, Octopus Investments
BTCJam[26]Bitcoin LendingPeer-to-peer bitcoin lending, especially to borrowers in emerging markets such as Brazil.June 2015$1.2 million500 Startups, Funders Club
CAN Capital[30]Business LenderProvider of high-interest loans to businesses that can't otherwise get credit.January 2014$33 millionAccel Partners, Meritech Capital Partners, QED Investors
Coinbase[5]Bitcoin ServicesFinancial services for bitcoin users, including facilitating merchant processing transactions.January 2015$75 millionDraper Fisher Jurvetson, Andreessen Horowitz, Union Square Ventures, USAA Federal Savings Bank; Banco Bilbao Vizcaya Argentaria S.A.; NYSE.
ComparaOnline[10]Financial MarketplaceLatin American marketplace for insurance and other financial services.September 2013$11 millionEndeavor Catalyst, Rise Capital, Kaszek Ventures
contaAzul[11]Accounting SoftwareBrazil-based provider of accounting and invoicing solutions to small and medium-sized businesses and accounting firms.February 2015UndisclosedTiger Global Management, Monashees Capital, 500 Startups, Napkn Ventures
Credit Karma[17]Credit ReportsFree credit reports and tools for tracking financial information.April 2013$30 millionSusquehanna Growth Equity, Felicis Ventures
Funding Circle[32]Business LendingU.K.-based peer-to-peer platform for small business loans.July 2014$65 millionAccel, Union Square Ventures, Index Ventures
Fuze Network[24]Bill PaymentsFacilitates cash payments and transfers for bills and credit cards.March 2012$2.5 millionMatrix Partners
Guia Bolso[31]Personal FinanceBrazilian personal finance management platformAugust 2015$7 millionOmidyar Network, QED Investors, Kaszek Ventures, e.Bricks and Valor Capital
Gusto[2]Human ResourcesSoftware for small businesses to manage HR, such as payroll and health insurance.April 2015$60 millionGoogle Capital, Google Ventures, Emergence Capital
Invoice2go[23]Mobile InvoicingAustralian-based mobile invoicing platform for small businesses.November 2015$15 millionAccel Partners
Jetty[8]InsuranceSells insurance to millennialsMay 2016$4 millionBoxGroup, SV Angel, Red Swan, Social Capital and Graph Ventures
LendingHome[15]Mortgage MarketplaceOnline loan marketplace for mortgagesApril 2015$70 millionFoundation Capital, Ribbit Capital, First Round Capital, SAB Capital, Colony Capital and Cowboy Ventures
Money View[6]Personal FinanceIndia-based app for managing bank information and expensesMarch 2015$8.5 millionTiger Global, Accel India
Next Insurance[20]Business InsuranceAutomated analysis and purchase of small business insurance plans.March 2015$13 millionZeev Ventures, TLV Partners
Pantera Bitcoin Partners[27]Hedge FundSan Francisco based hedge fund buys and sells bitcoinsMarch 2014UnknownFortress Investment Group (FIG), Benchmark Capital, Pantera Capital
Parasut[12]Financial SoftwareTurkish financial management solutions for small businessesApril 2015$1.4 million millionRevo Capital
Point[33]Home EquityBuys equity stakes in houses as an alternative to home mortgages.March 2014$112 millionGreylock Partners, Andreessen Horowitz, Vikram Pandit, SV Angel and Bloomberg Beta.
Policy Bazaar[7]InsuranceIndia-based online consumer marketplace for insurance, loans, and other financial products.April 2015$40 millionPremjiInvest, Tiger Global, Steadview Capital and ABG Capital
Raisin.com[25]Savings MarketplaceGerman-based savings deposit marketplace allowing deposits across the European Union.August 2015$25 millionIndex Ventures, Yuri Milner, Tom Stafford
Robinhood Markets[13]Stock BrokerageMobile stock trading platform that doesn't charge trading fees.September 2014$13 millionIndex Ventures, Howard Lindzon, Aaron Levie, Dave Morin, Jared Leto, Snoop Dogg, and Nasir Jones (Nas).
Wealthfront[22]Investment SoftwareSoftware-based financial advisor and manager.April 2014$35 millionIndex Ventures, The Social+Capital Partnership, Greylock Partners, DAG Ventures
Xapo[27]Bitcoin ServicesSecures information in guarded vault needed to unlock Bitcoins.March 2014$20 millionFortress Investment Group (FIG), Benchmark Capital, Pantera Capital

References

[1]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-terms for further details.Images/media credited individually (click the icon for details).
Sep 19, 2016, 4:34 AM
[2]
Citation Linkribbitcap.com
Dec 6, 2017, 1:22 PM
[3]
Citation Linkbizjournals.com"Gusto CEO: 'I could care less about being a unicorn'"
Dec 6, 2017, 1:23 PM
[4]
Citation Linkventurebeat.com"Ribbit Capital lands $100M fund for finance-focused startups"
Dec 6, 2017, 1:22 PM
[5]
Citation Linkallthingsd.com"Ribbit Capital Raises $100 Million With the Goal of Modernizing Money"
Dec 6, 2017, 1:22 PM
[6]
Citation Linkwsj.com"Coinbase Raises $75 Million in Funding Round"
Dec 6, 2017, 1:23 PM
[7]
Citation Linkinc42.com"With 3 Mn Users In 2 Years, Here's How Money View Is Changing Fintech For Good"
Dec 6, 2017, 1:22 PM
[8]
Citation Linkvccircle.com"PolicyBazaar raises around $40M in Series D round led by PremjiInvest"
Dec 6, 2017, 1:23 PM
[9]
Citation Linkrecode.net"Capital Gains: A Facebook co-founder launches an Asia VC fund and a 'global brand for dogs' lands $60M"
Dec 6, 2017, 1:23 PM
[10]
Citation Linkreuters.com"Ribbit Capital raises $100 million finance-focused fund"
Dec 6, 2017, 1:22 PM
[11]
Citation Linkfinsmes.com"ComparaOnline.com Raises $11M in Series B Financing"
Dec 6, 2017, 1:22 PM
[12]
Citation Linkfinsmes.com"ContaAzul Raises Series C Financing"
Dec 6, 2017, 1:23 PM
[13]
Citation Linkwebrazzi.com"Silikon Vadisi merkezli Ribbit Capital'den Paraşüt'e 3.7 milyon TL yatırım"
Dec 6, 2017, 1:22 PM
[14]
Citation Linkventurebeat.com"Robinhood snags $13M to make stock trading hip"
Dec 6, 2017, 1:23 PM
[15]
Citation Linkozy.com"ONE VENEZUELAN'S PLAN TO REINVENT U.S. FINANCIAL SERVICES"
Dec 6, 2017, 1:22 PM
[16]
Citation Linkforbes.com"Mortgage Marketplace LendingHome Reels In $70 Million From China's Renren"
Dec 6, 2017, 1:23 PM
[17]
Citation Linkcoindesk.com"Ribbit Capital's Micky Malka Talks Bitcoin's Slow Road to Mainstream"
Dec 6, 2017, 1:22 PM
[18]
Citation Linkventurebeat.com"Credit Karma raises $30M to help flustered consumers track their credit scores"
Dec 6, 2017, 1:23 PM
[19]
Citation Linkthenextweb.com"August in Latin America: All the tech news you shouldn't miss from the past month"
Dec 6, 2017, 1:22 PM
[20]
Citation Linkpehub.com"Ribbit Capital and Felicis Ventures back Activehours app"
Dec 6, 2017, 1:22 PM