Ribbit Capital, a business business company known for Fintech’s investment, raises $ 500 million for a new fund, a deposit to the US Securities and Exchange Commission (SEC) revealed on Wednesday.
The new chapter appears to be part of Palo Alto’s last chapter of Venture, entitled Ribbit Capital Y, The Deposit sec suggests.
In 2023, Capital Ribbit set $ 800 millionAccording to information about this Tenth flagshipRibbit Capital X.
The business business has invested (and exits) some of the largest newly established Fintech businesses, including Nubank, Affirm and RobinHood. In addition to supporting North America’s newly established businesses, the company has invested in fintechs in all emerging markets, including those in India, such as Cred, Fi, Groww, Razorpay and Phonepe, among others. It was also invested in encryption companies, including Coinbase, Coinswitch and Uniswap.
Interestingly, Ribbit Capital’s recent funds are significantly smaller than the $ 1.15 billion vehicle it set in 2022. It was followed by a busy year for the business, which closed the agreements even in markets such as Latin America to benefit from the 20th VC.
However, since its inception in 2012, Ribbit Capital has supported 243 investments and led 90 of them, by details available at Crunchbase. Enterprise Blockchain Startup Crossmint’s $ 23.6 million round He was the last under the leadership of Ribbit Capital earlier this week.
The company also left 24 of its investments per crunchbase.
Fundraise is another signal that the Fintech area is back in recovery. Other signs include the planned IPO of the international market now now pays Darling Klarna and the rise of ramp and strip values. This after Servicetitan had a blockbuster iPo in December which was a good Omen for other fintechs.
Ribbit Capital did not respond to a request for comments.
