Fintech-focused Ribbit Capital raises $1.15B in seventh fund, according to SEC filing

Mary Ann Azevedo is a writer for the Bay Area Writer.

Ribbit Capital has raised over $1 billion in new capital in what appears to be its seventh fund, according to a filing with the SEC.

Ribbit Capital VII is believed to be the final close of the fund. The firm was said to be raising $750 million in March of 2021. It raised more than half a billion dollars in its sixth fund.

Ribbit Capital has raised over a billion dollars in capital since it was founded in 2012 It has invested in and exited some of the world's largest fintechs.

The managing partner of Ribbit is listed as the director of an entity called BullFrog Capital. The Palo Alto-based venture capital firm Bull Frog intended to raise $500 million from limited partners according to a 2020 filing. A new filing shows that the entity raised more than $1 billion.

At the time of writing, Ribbit and Malka hadn't responded to the comment that was reached out to them.

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