Ribbit Capital (company)
Ribbit Capital (company)
Type | Limited Partnership[9] |
---|---|
Industry | Venture Capital |
Founded | 2012 |
Founder | Meyer 'Micky" Malka |
Headquarters | Palo Alto, California, U.S. |
Key people | Meyer Malka,Nick Shalek,Nikolay Kostov[16] |
Website | ribbitcap |
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]
Type | Limited Partnership[9] |
---|---|
Industry | Venture Capital |
Founded | 2012 |
Founder | Meyer 'Micky" Malka |
Headquarters | Palo Alto, California, U.S. |
Key people | Meyer Malka,Nick Shalek,Nikolay Kostov[16] |
Website | ribbitcap |
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’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
Company | Industry | Description | Investment Date | Size of Round | Other Participants |
---|---|---|---|---|---|
Activehours[19] | Personal Lender | Alternative to Payday lending where borrower determines their own service fees and can get paid in advance of payday. | July 2014 | $4.1 million | Felicis Ventures |
Borro[4] | Secured Lender | UK-US-based lender providing loans secured by fine arts, antiques, vintage cars and jewelry. | March 2014 | $112 million | Victory Park Capital, Canaan Partners, Augmentum Capital, European Founders Fund, Eden Ventures, Octopus Investments |
BTCJam[26] | Bitcoin Lending | Peer-to-peer bitcoin lending, especially to borrowers in emerging markets such as Brazil. | June 2015 | $1.2 million | 500 Startups, Funders Club |
CAN Capital[30] | Business Lender | Provider of high-interest loans to businesses that can't otherwise get credit. | January 2014 | $33 million | Accel Partners, Meritech Capital Partners, QED Investors |
Coinbase[5] | Bitcoin Services | Financial services for bitcoin users, including facilitating merchant processing transactions. | January 2015 | $75 million | Draper Fisher Jurvetson, Andreessen Horowitz, Union Square Ventures, USAA Federal Savings Bank; Banco Bilbao Vizcaya Argentaria S.A.; NYSE. |
ComparaOnline[10] | Financial Marketplace | Latin American marketplace for insurance and other financial services. | September 2013 | $11 million | Endeavor Catalyst, Rise Capital, Kaszek Ventures |
contaAzul[11] | Accounting Software | Brazil-based provider of accounting and invoicing solutions to small and medium-sized businesses and accounting firms. | February 2015 | Undisclosed | Tiger Global Management, Monashees Capital, 500 Startups, Napkn Ventures |
Credit Karma[17] | Credit Reports | Free credit reports and tools for tracking financial information. | April 2013 | $30 million | Susquehanna Growth Equity, Felicis Ventures |
Funding Circle[32] | Business Lending | U.K.-based peer-to-peer platform for small business loans. | July 2014 | $65 million | Accel, Union Square Ventures, Index Ventures |
Fuze Network[24] | Bill Payments | Facilitates cash payments and transfers for bills and credit cards. | March 2012 | $2.5 million | Matrix Partners |
Guia Bolso[31] | Personal Finance | Brazilian personal finance management platform | August 2015 | $7 million | Omidyar Network, QED Investors, Kaszek Ventures, e.Bricks and Valor Capital |
Gusto[2] | Human Resources | Software for small businesses to manage HR, such as payroll and health insurance. | April 2015 | $60 million | Google Capital, Google Ventures, Emergence Capital |
Invoice2go[23] | Mobile Invoicing | Australian-based mobile invoicing platform for small businesses. | November 2015 | $15 million | Accel Partners |
Jetty[8] | Insurance | Sells insurance to millennials | May 2016 | $4 million | BoxGroup, SV Angel, Red Swan, Social Capital and Graph Ventures |
LendingHome[15] | Mortgage Marketplace | Online loan marketplace for mortgages | April 2015 | $70 million | Foundation Capital, Ribbit Capital, First Round Capital, SAB Capital, Colony Capital and Cowboy Ventures |
Money View[6] | Personal Finance | India-based app for managing bank information and expenses | March 2015 | $8.5 million | Tiger Global, Accel India |
Next Insurance[20] | Business Insurance | Automated analysis and purchase of small business insurance plans. | March 2015 | $13 million | Zeev Ventures, TLV Partners |
Pantera Bitcoin Partners[27] | Hedge Fund | San Francisco based hedge fund buys and sells bitcoins | March 2014 | Unknown | Fortress Investment Group (FIG), Benchmark Capital, Pantera Capital |
Parasut[12] | Financial Software | Turkish financial management solutions for small businesses | April 2015 | $1.4 million million | Revo Capital |
Point[33] | Home Equity | Buys equity stakes in houses as an alternative to home mortgages. | March 2014 | $112 million | Greylock Partners, Andreessen Horowitz, Vikram Pandit, SV Angel and Bloomberg Beta. |
Policy Bazaar[7] | Insurance | India-based online consumer marketplace for insurance, loans, and other financial products. | April 2015 | $40 million | PremjiInvest, Tiger Global, Steadview Capital and ABG Capital |
Raisin.com[25] | Savings Marketplace | German-based savings deposit marketplace allowing deposits across the European Union. | August 2015 | $25 million | Index Ventures, Yuri Milner, Tom Stafford |
Robinhood Markets[13] | Stock Brokerage | Mobile stock trading platform that doesn't charge trading fees. | September 2014 | $13 million | Index Ventures, Howard Lindzon, Aaron Levie, Dave Morin, Jared Leto, Snoop Dogg, and Nasir Jones (Nas). |
Wealthfront[22] | Investment Software | Software-based financial advisor and manager. | April 2014 | $35 million | Index Ventures, The Social+Capital Partnership, Greylock Partners, DAG Ventures |
Xapo[27] | Bitcoin Services | Secures information in guarded vault needed to unlock Bitcoins. | March 2014 | $20 million | Fortress Investment Group (FIG), Benchmark Capital, Pantera Capital |