Ribbit Capital, a Palo Alto-based venture capital firm founded and led by serial entrepreneur Meyer “Micky” Malka, closed a $100m venture capital fund.
Investors include multinational Spanish banking group Banco Bilbao Vizcaya Argentaria SA, Silicon Valley Bank, and a range of institutional investors and high-net-worth clients from around the world.
Founded in 2012, Ribbit focuses on early-stage companies that leverage technology to innovate the financial services industry in areas such as lending, payments, insurance, accounting, tax preparation and personal financial management. Mr Malka, the fund’s sole General Partner, has started five financial services companies in the U.S., Europe and Latin America and currently serves on the board of directors of Wonga, Peixe Urbano, and Banco Bracce.
The firm has already made four investments, including:
borro, a UK-based personal asset lender (read here)
Fuze Network: a US-based payments technology company
ContaAzul, a provider of SaaS accounting and invoicing solutions to SMBs in Brazil
Capital Access Networks: a US non-bank lender to small businesses.