Ribbit Capital is a venture capital firm founded in 2012 and headquartered in Palo Alto, California. The firm focuses almost exclusively on financial technology, backing companies that aim to change how money moves, is stored, and is accessed. Ribbit operates across multiple geographies – the United States, Latin America, Europe, and India – making it one of the most globally active fintech-specialist funds in the world.
The firm was founded by Meyer "Micky" Malka, a Venezuelan-born entrepreneur and investor who previously co-founded Lemon Wallet and served as a general partner at Sequoia Capital's Latin America practice. Malka has been the public face of Ribbit since inception, with a stated belief that financial services are fundamentally broken and that technology startups – not incumbent banks – will fix them. The firm typically takes concentrated positions in a smaller number of companies rather than spreading capital thin, which has amplified both its wins and its exposure when bets go wrong.
Ribbit has raised multiple funds. Fund VII, closed around 2021, was reported at approximately $1.15 billion. Total AUM across all vehicles is not publicly disclosed. The firm has backed companies at every stage from seed to pre-IPO, and it has a track record of staying on cap tables through public listings.
Notable investments
- Coinbase – one of Ribbit's earliest and most high-profile crypto bets. Ribbit participated in early rounds before Coinbase's direct listing on Nasdaq in April 2021, which was a landmark moment for the crypto industry.
- Robinhood – the commission-free brokerage that democratized retail equity trading in the US. Ribbit was an early backer and maintained its position through the 2021 IPO.
- Nubank – the Brazilian digital bank that became one of the largest financial institutions in Latin America by customer count. Nubank's NYSE listing (ticker: NU) in late 2021 was one of the largest fintech IPOs globally and a defining win for the Ribbit portfolio.
- Credit Karma – the personal finance platform acquired by Intuit for $7.1 billion in 2020, representing a major exit for Ribbit.
- Revolut – the UK-based neobank offering multi-currency accounts, crypto trading, and payments. Ribbit backed Revolut in its earlier growth rounds.
- Chime – the US neobank targeting underbanked consumers with no-fee accounts and early direct deposit access.
- Brex – the corporate card and spend management platform aimed at startups and growth-stage companies.
- Affirm – the buy-now-pay-later lender that went public on Nasdaq in January 2021.
Team
Meyer "Micky" Malka is the founding and managing partner. He grew up in Venezuela, studied at Babson College, and built his early career in Latin American financial technology before joining Sequoia. His background informs Ribbit's unusually strong presence in LatAm – a region most US-based funds underweight. Public information about other named partners at the firm is limited; Ribbit runs a lean internal team relative to its assets under management.
Recent activity
Through 2023 and 2024, Ribbit continued to back fintech infrastructure and cross-border payment companies as interest rate increases compressed valuations across the sector. The firm's crypto-adjacent holdings – particularly Coinbase – recovered significantly with the broader market recovery in late 2023 and into 2024. Ribbit also maintained its position in Nubank, which continued to expand in Mexico and Colombia beyond its Brazilian core. Specific new deal announcements in 2025 are not confirmed in public sources available at the time of writing.
Ribbit's long-term thesis has remained consistent: financial access is a global problem, and the best solutions are being built by technology companies operating outside traditional banking. The firm's portfolio has delivered several billion-dollar outcomes, though the 2021–2022 correction hit several high-multiple fintech holdings hard. Investors tracking Ribbit's activity can follow public filings and portfolio updates at ribbitcap.com and its Crunchbase profile.
