Ribbit Capital (company)
Ribbit Capital, founded in 2012, is a global venture capital firm focused on fintech (financial technology). 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.
History
The firm was founded by Meyer 'Micky" Malka, a Venezuelan serial entrepreneur, who co-founded the online brokerage Patagon, which sold to Banco Santander SA for $750 million in 2000. In 2015, Malka was the only Latin American founder among the top 20 United States-based venture capital firms.
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 in companies headquartered in the United States, Latin America and Brazil, Europe, India, and other regions worldwide.
The firm also invested directly in bitcoin. In 2014, Ribbit, in concert with Social + Capital Partnership, was reported to control 5% of all bitcoins. Aside from direct investments in bitcoin, Ribbit has financed five bitcoin companies.
Ribbit raised three funds between 2012 and 2015, including a $100 million fund in 2013, a $125 million fund in 2014 and a $226 million fund in 2015.
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. 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.
Investments (partial list)
Company |
Industry |
Description |
Investment Date |
Size of Round |
Other Participants |
|---|---|---|---|---|---|
Activehours |
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 |
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 |
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 |
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 |
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 |
Financial Marketplace |
Latin American marketplace for insurance and other financial services. |
September 2013 |
$11 million |
Endeavor Catalyst, Rise Capital, Kaszek Ventures |
contaAzul |
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 |
Credit Reports |
Free credit reports and tools for tracking financial information. |
April 2013 |
$30 million |
Susquehanna Growth Equity, Felicis Ventures |
Funding Circle |
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 |
Bill Payments |
Facilitates cash payments and transfers for bills and credit cards. |
March 2012 |
$2.5 million |
Matrix Partners |
Guia Bolso |
Personal Finance |
Brazilian personal finance management platform |
August 2015 |
$7 million |
Omidyar Network, QED Investors, Kaszek Ventures, e.Bricks and Valor Capital |
Gusto |
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 |
Mobile Invoicing |
Australian-based mobile invoicing platform for small businesses. |
November 2015 |
$15 million |
Accel Partners |
Jetty |
Insurance |
Sells insurance to millennials |
May 2016 |
$4 million |
BoxGroup, SV Angel, Red Swan, Social Capital and Graph Ventures |
LendingHome |
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 |
Personal Finance |
India-based app for managing bank information and expenses |
March 2015 |
$8.5 million |
Tiger Global, Accel India |
Next Insurance |
Business Insurance |
Automated analysis and purchase of small business insurance plans. |
March 2015 |
$13 million |
Zeev Ventures, TLV Partners |
Pantera Bitcoin Partners |
Hedge Fund |
San Francisco based hedge fund buys and sells bitcoins |
March 2014 |
Unknown |
Fortress Investment Group (FIG), Benchmark Capital, Pantera Capital |
Parasut |
Financial Software |
Turkish financial management solutions for small businesses |
April 2015 |
$1.4 million million |
Revo Capital |
Point |
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 |
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 |
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 |
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 |
Investment Software |
Software-based financial advisor and manager. |
April 2014 |
$35 million |
Index Ventures, The Social+Capital Partnership, Greylock Partners, DAG Ventures |
Xapo |
Bitcoin Services |
Secures information in guarded vault needed to unlock Bitcoins. |
March 2014 |
$20 million |
Fortress Investment Group (FIG), Benchmark Capital, Pantera Capital |