News Update

Fintech-focused Ribbit Capital raises $1.15B in the seventh fund, according to SEC filing

• ByStartupStory     |    January 4, 2022

Ribbit Capital, the best-known venture capital firm for investing in FinTech, has announced a submission to the United States. The Securities and Exchange Commission (SEC) has raised $ 1.15 billion  in what appears to be the seventh fund. The new fund, named 

 Ribbit Capital VII LP, is considered the fund’s final settlement. That’s well above the $ 750 million that the company plans to raise in March  2021. It’s also more than double the $ 420 million  raised by the sixth fund in January  2020.  Since its inception in 2012, Ribbit Capital has previously raised approximately $ 1.3 billion, according to 

 Crunchbase. We have invested in (and saw the exit) the world’s largest fintechs such as Coinbase, Nubank, Affirm and Robinhood. 

 In addition to this fund, Ribbit’s managing partner Meyer “Micky” Malka is listed on the board of a company called Bullfrog Capital LP. According to the 2020 filing associated with this Palo Alto-based venture capital firm, Bullfrog intended to raise $ 500 million from a limited partner. The new filing shows that the company has actually raised $ 1.15 billion. 

 startupstory asked Ribbit and Malka for comment, but hadn’t heard anything at the time of writing. 

 2021 was a busy year for Ribbit. Ribbit has also invested heavily in Latin America and led several transactions in the region. For example, startup Justos, which said it would be Brazil’s first insurance company  to use data for tariff decisions, launched a $ 35.8 million Series A round under the US dollar on the October line applied by Ribbit. 

 The company is not only  active in North America and Latin America. In March 2021, we expanded the Indonesian investment app Ajaib by $ 65 million.

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