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Ribbit Capital

Ribbit Capital is a venture-capital firm founded in 2012 by Meyer “Micky” Malka and headquartered in Palo Alto, California. It began with financial-technology investing and has expanded into AI, commerce and related infrastructure. Its investments include Coinbase, Robinhood and Nubank.

Contents12 sections
Key facts

Founding Ribbit Capital

Meyer “Micky” Malka founded Ribbit Capital in 2012 in Palo Alto, California, focusing on financial-technology investments.⁠[1]

BBVA Discloses an Investment

In an announcement about its U.S. innovation investments, BBVA disclosed an investment in Ribbit Capital, describing it as an early-stage fund targeting financial-services startups worldwide.⁠[2]

Participating in Coinbase’s Series B

Coinbase announced a $25 million Series B led by a16z, with returning investors Union Square Ventures and Ribbit Capital participating.⁠[3]

Establishing Ribbit LEAP

Ribbit affiliates established Ribbit LEAP, a special-purpose acquisition company seeking a business combination in global financial technology. The acquisition vehicle was separate from Ribbit’s venture-capital funds.⁠[1]

Forming a Fintech Venture with Walmart

Walmart announced a fintech venture with Ribbit to develop financial services for customers and employees. Walmart would hold a majority interest, with Malka joining Walmart executives on the board.⁠[4]

Leading Robinhood’s Financing

Robinhood announced $3.4 billion in financing led by Ribbit with other institutional participants. The total included $1 billion announced on January 29 and was not the amount invested by Ribbit alone.⁠[5]

Ribbit LEAP Announces Share Redemption

Having failed to complete a business combination within its charter deadline, Ribbit LEAP announced that it would redeem publicly held shares on August 15 and proceed with winding up. The announcement concerned the Ribbit LEAP acquisition vehicle.⁠[6]

Fund Z Reports Fundraising Progress

An SEC filing by Ribbit Capital Z, L.P. reported a $565 million offering, approximately $561.9 million in fund interests sold and 266 investors. These figures describe fundraising by that fund.⁠[7]

Investing in Valon

Investment Scope and Portfolio

The website states that the displayed companies are selected current and past investments rather than a complete portfolio. Ribbit Capital is an investment adviser registered with the SEC.⁠[11]

Related Organizations, Websites, and Public Accounts

Ribbit Capital: Official website: https://www.ribbitcap.com/ (opens in a new window).⁠[9]

Sources

  1. Ribbit LEAP, Ltd. — 2020 Prospectus (opens in a new window)
  2. BBVA to invest 100 million dollars in innovative companies (opens in a new window)
  3. Coinbase B轮 (opens in a new window)
  4. Walmart Announces Creation of New Fintech Startup (opens in a new window)
  5. Robinhood Raises $3.4 Billion to Fuel Record Customer Growth (opens in a new window)
  6. Ribbit LEAP Will Redeem Public Shares — Form 8-K (opens in a new window)
  7. Ribbit Capital Z, L.P. — Form D/A (opens in a new window)
  8. Valon Raises $150 Million Series D at a $2.3 Billion Valuation to Deploy ValonOS and AI Agents into Mortgage (opens in a new window)
  9. Ribbit Capital — Official Website (opens in a new window)
  10. Ribbit Capital — Rebels (opens in a new window)
  11. Ribbit Capital — Disclaimers (opens in a new window)
  12. Ribbit Capital — X (opens in a new window)
  13. Ribbit Capital — LinkedIn (opens in a new window)