Tagged: ribbit capital

September 14, 2020 @ 11:37 pm By Omar Faridi  |  

Groww, an investment app that aims to focus on providing services to Indian millennials, has reportedly secured $21.4 million in capital through a Series B funding round – which was led by US-based VC firm Ribbit Capital. Existing investors Sequoia India and Y Combinator also… Read More

February 6, 2020 @ 8:10 am By Omar Faridi  |  

Lightning Labs, a company focused on the development of the Lightning Network (LN), a second-layer scalability solution for expediting small Bitcoin (BTC) payments, has reportedly  finalized a $10 million Series A investment round – which was led by Craft Ventures. Ribbit Capital, RRE Ventures, Slow… Read More

December 8, 2019 @ 9:09 pm By Omar Faridi  |  

Igor Senra and Leo Mendes, founders of online payments company MOIP, which was acquired by WireCard in 2016, have raised $10 million in order to help fund the operations of a new company, called Cora. Senra and Mendez developed their first business by providing services… Read More

May 1, 2018 @ 11:57 am By Erin Hobey  |  

Mike Cagney, the former SoFi CEO, raises $50M for Figure, his new fintech venture focused on home equity lending, reported Bloomberg. Cagney left Sofi late last year as the platform was upended with legal challenges regarding accusations of allowing a “sexually charged corporate culture that condones… Read More

April 18, 2018 @ 7:01 am By Erin Hobey  |  

Point, a fintech platform that allows homeowners to unlock home equity wealth without taking on new debt, has agreed to a forward flow purchase program with investment firm Atalaya Capital Management to purchase up to $150 million of Point’s structured home equity investment instruments. “We’re… Read More

April 2, 2018 @ 11:23 am By Samantha Hurst  |  

Root Insurance, an Ohio-based car insurtech company, announced last week it secured $51 million in funding through its Series C round, which was led by Redpoint Ventures, with Scale Venture Partners and existing partners Ribbit Capital and Silicon Valley Bank Capital Partners.  Founded in 2015, Root described itself… Read More

January 31, 2018 @ 10:47 am By Erin Hobey  |  

Revolut officially launched its cryptocurrency feature, allowing all Revolut customers to buy, hold and exchange cryptocurrencies in-app in seconds, as the innovative fintech platform sticks to its mission and continues to disrupt traditional banking by mainstreaming cryptocurrencies. “We have been amazed by the incredible demand… Read More

August 29, 2017 @ 7:29 am By Samantha Hurst  |  

Last week, India-based online lender Capital Float announced it secured $45 million during its Series C funding round, which was led by Ribbit Capital with participation from returning investors SAIF Partners, Sequoia India, and Creation Investment. Founded in 2013, Capital Float describes itself as a… Read More

July 21, 2017 @ 4:00 pm By Therese Torris  |  

Pan-European marketplace for savings products, Raisin has become the poster child of Fintech disruption as it managed to convince 75,000 investors to put more than €3 billion into savings accounts held at foreign banks. We spoke with Tamaz Georgadze, co-founder and CEO, who explained to… Read More

July 12, 2017 @ 2:00 am By JD Alois  |  

Revolut has announced a $66 million Series B funding round to fuel an “aggressive expansion across Asia and North America”. The funding was described as a clear demonstration of strength for the UK based digital bank as a clear alternative to more traditional banking providers…. Read More

May 29, 2017 @ 5:59 am By Erin Hobey  |  

BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources. The platform cited regulatory challenges around bitcoin and the difficulties introducing bitcoin technology to poor communities around… Read More

April 20, 2017 @ 4:10 am By Erin Hobey  |  

Only three and a half years after its launch as WeltSparen in Germany, Raisin, the online marketplace for savings products, counts more than €3 billion in investments done on the platform. Raisin secured €60 million in several financing rounds from investors including Index Ventures, Ribbit Capital and Thrive Capital…. Read More

January 30, 2015 @ 10:09 am By Erin Hobey  |  

“USAA’s recent entrance into the bitcoin space may have been driven, in part, by interest in the technology among its own membership,” reported Stan Higgens from CoinDesk.  “The Fortune 500 financial services company, based in Texas, was among a diverse group of investors that took part in… Read More

October 25, 2013 @ 9:05 am By JD Alois  |  

Over 57,000 UK citizens have joined Funding Circle with over £165 Million lent to British businesses.  Now the Peer-to-Peer platform is getting bigger and they have received $37 Million in a Series C round led by Accel Patners.  Additional investors included Union Square Ventures, Index… Read More