Ribbit Capital, a Palo Alto, California-headquartered venture capital firm, has reportedly secured around $800 million as part of its latest Fund.
As noted in a regulatory form filed with the US Securities and Exchange Commission (SEC), there are a total of 247 investors that have invested in this particular offering from Ribbit Capital X, L.P.
Established back in 2012 by Meyer “Micky” Malka, Ribbit Capital aims to invest internationally in firms that are focused on transforming the financial services sector.
Ribbit Capital, the Silicon Valley VC company, has supported major Fintechs such as Brex as well as the stock trading app provider Robinhood. This latest $800 million raise by Ribbit Capital, which is for its tenth fund, according to the regulatory filing, should help the organization further support its operaitons.
Ribbit Capital, which primarily focuses on financial firms, previously raised $1.15 billion for another fund back in 2022.
As covered earlier this year, PhonePe, one of India’s largest Fintech platforms, announced it had raised another $100 million in primary capital from Ribbit Capital, Tiger Global, and TVS Capital Funds, at a pre-money valuation of $12 billion.
As reported in May 2023, Coins.ph, the Philippines’ fiat and crypto wallet services provider and Joffre Capital portfolio company had announced the completion of a $30 million Series C financing led by Ribbit Capital, and “joined by other strategic investors.”
Hazel, the independent Fintech launched in partnership with Walmart (NYSE: WMT) and investment company Ribbit Capital, had announced in January 2022 that it has entered into definitive agreements to “acquire fintech platforms Even and ONE, marking the startup’s emergence from stealth mode.”
Back in December of 2021, PT Bank Jago Tbk announced that Ribbit Capital, which is one of the leading Fintech investors whose investments includes Tinkoff, Revolut, BharatPe, Robinhood, Affirm, Nubank, Coinbase and Credit Karma, has made an investment in Bank Jago, an Indonesia-listed tech -based bank with “a drive to accelerate financial inclusion in Indonesia.”
As noted by its management, Ribbit Capital is a global investment organization “with one single, relentless mission: to change the world of finance.”