Search Results for "Ribbit Capital"
9 results for "Ribbit Capital"
Deals 9
Gigs Raises $73M Series B to Embed Mobile Services via BaaS Platform
Gigs, a BaaS-style operating system enabling tech companies to embed mobile and telecom services, raised $73 million in Series B funding led by Ribbit Capital. Google's Gradient, Y Combinator, and Speedinvest also participated. The funding will support geographic expansion and new product development.
Parafin Raises $100M Series C for Embedded Small Business Lending
Parafin, a U.S.-based embedded finance infrastructure company, raised $100M in a Series C round at a $750M valuation. Led by Notable Capital with Redpoint Ventures and Ribbit Capital, the funding will expand its API-driven capital access for small businesses. The round highlights growing demand for embedded lending infrastructure integrated into platforms and marketplaces.
South Africa's Stitch Raises $25M Series A Led by Ribbit Capital
Stitch, a South African fintech payments infrastructure provider, raised $25 million in Series A funding led by Ribbit Capital. The company evolved from a bank-to-bank payments platform into a full payment service provider with API gateways. Stitch projected processing over 50 million transactions worth $2 billion in total payment volume for the year.
Walmart Acquires Fintechs Even and ONE to Build Financial Super App
Walmart's independent fintech unit Hazel, in partnership with Ribbit Capital, acquired fintech companies Even and ONE. The combined entity operates under the ONE brand as an all-in-one financial services app. The move gives ONE access to Walmart's 1.6 million U.S. associates and over 100 million weekly shoppers.
Visa Launches Fintech Fast Track Program in the U.S.
Visa launched its Fintech Fast Track program in the U.S. on July 31, 2019, enabling fintech startups to integrate with VisaNet more quickly. The program partners with major VCs like Andreessen Horowitz and Ribbit Capital, and includes BaaS providers Green Dot and BBVA Open Platform. It targets fintechs in payments, lending, and money management, offering simplified access to Visa's network, security, and global reach.
Razorpay Raises $75M Series C for India Payment Infrastructure
Indian online payments startup Razorpay raised $75 million in Series C funding led by Ribbit Capital and Sequoia Capital, valuing the company at approximately $450 million. Tiger Global and Y Combinator Continuity Fund also participated. Razorpay provides payment APIs enabling businesses to embed financial services.
Cross River Bank Raises $100M in Round Led by KKR
Cross River Bank, a Banking-as-a-Service provider for fintechs, raised approximately $100 million in a funding round led by KKR. The round included $75 million in equity from KKR with participation from CreditEase, LionTree Partners, Battery Ventures, Andreessen Horowitz, and Ribbit Capital. The investment underscores growing investor interest in BaaS infrastructure banks that power fintech lending and payments.
CB Insights Fintech 250 Highlights Cross River Bank and Banking Infrastructure Leaders
CB Insights released its 2018 Fintech 250 list, spotlighting 250 promising fintech startups including banking-as-a-service provider Cross River Bank and API-based lender Upgrade. The cohort had raised $53B in aggregate funding since 2013, with 30 unicorns and 33 mega-rounds in 2018 YTD.
Ribbit Capital Targets $420M Fifth Fund for Fintech Infrastructure
Ribbit Capital, a prominent fintech investor, aimed to raise $420 million for its fifth fund, up from a prior $300 million fund. Ribbit backs key banking infrastructure players including Cross River Bank, which provides regulated banking services and loan origination for fintechs like Affirm and Upstart. The larger fund signals growing institutional interest in BaaS and banking infrastructure.