Ribbit Capital, a Palo Alto, California-based fintech focused venture capital firm, has launched its fourth fund with a target of $300m.
Per an SEC filing, Ribbit Capital IV, L.P. has not raised funds yet.
Founded in 2012 by Meyer “Micky” Malka, Ribbit invests in startups trying to innovate and change the financial services landscape with a particular focus on lending, payments, insurance, accounting, tax preparation and personal financial management sectors.
The firm, whose team also includes Nick Shalek, Nikolay Kostov, Kyle Matson, Cindy McAdam, Denise Gilbert, Rebekah Rogers and Tessa Savakus, has backed category defining companies such as Credit Karma, Robinhood, Funding Circle, LendingHome, Wealthfront, Avant, Raisin, Funding Circle, Coinbase, Gusto, Invoice2Go, ContaAzul, and PolicyBazaar.
Past Ribbit managed funds were backed by a variety of institutional investors including Spanish banking group Banco Bilbao Vizcaya Argentina SA, Silicon Valley Bank and numerous high-net-worth individuals.