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金融科技投资公司Ribbit Capital成立第五个风投基金,募资4.2亿美元

国际资讯投融资

金融科技投资公司Ribbit Capital成立第五个风投基金,募资4.2亿美元

金融科技投资公司Ribbit Capital的投资组合包括无手续费移动投资平台Robinhood、加密货币钱包及市场供应商Coinbase和自动化保险平台Root Insurance。

来自美国证券交易委员会的文件显示,近日这家公司又为其最新基金筹集了4.2亿美元。

这轮募资是Ribbit和有限合伙人建立的第五个基金。相比去年第四基金的3亿美元筹资目标,4.2亿美元的筹资只是象征性地有所增加。

仅Coinbase一家公司,如今的账面估值已经达到了80亿美元,当Coinbase的首席执行官Brian Armstrong表示自己的目标是要成为“加密货币的纽约证券交易所”时,没有人认为他是在开玩笑。

Robinhood在今年早期完成最新一轮融资后,估值也是达到了60亿美元——这家公司已经成为新生代投资者的同义词(尽管它也因商业模式而受到批评)。

另外,Ribbit Capital在金融服务领域也进行过投资。它和A16Z以及Battery Ventures一起投资了金融服务机构Cross River Bank。另外它还是Max Levchin借贷公司Affirm和Upstart的20亿美元贷款发放者(其中Affirm也是Ribbit的投资对象,如今估值也达到了20亿美元)。

另外Ribbit还是Credit Karma的早期投资人,这家估值40亿美元的公司由Pizza Hut的一位管理培训生所创立。

简单点讲,这四家公司的账面估值已经超过了200亿美元,Ribbit可以将它列入最新的投资组合中。对于一家筹资金额仅为4.2亿美元的基金而言,这并不是个坏消息。

Ribbit于2012年建立了第一笔基金,数额为9000万美元,当时金融科技投资还只是刚刚起步。

Ribbit是其创始人Meyer Malka想出来的点子,尽管它从来没有成为一家引人注目的投资基金,但Malka自19岁开始就是一位投资奇才。

当时他联合创立了证券及投资经纪公司Heptagon Group,这家公司服务于美国和Malka的家乡委内瑞拉。1998年他在拉美创立了第一家金融服务在线经纪公司Patagon.com。后来这家公司于2000年被收购,金额达7亿美元。之后他在西班牙和德国在线银行OpenBank担任过临时首席执行官。

Ribbit Capital, the financial technology investment firm whose portfolio includes hits like the no-fee mobile investment platform Robinhood; cryptocurrency wallet and marketplace provider Coinbase; and Root Insurance, the automotive insurance platform that just joined the billion-dollar startup club; is raising $420 million for its latest fund, according to a filing with the Securities and Exchange Commission.

The fund would be Ribbit’s fifth foray out with limited partners and its $420 million target is only a nominal increase from the $300 million it had set out to raise for its fourth fund last year.

That kind of restraint is remarkable in itself. But with the portfolio of hits Ribbit has amassed, the firm would be forgiven for attempting to raise double its current target.

Ribbit founder, Meyer (Micky) Malka, did not respond to a request for comment.

Coinbase alone is now worth at least $8 billion on paper, and no one laughs when chief executive Brian Armstrong says that his company’s goal is to become the New York Stock Exchange of crypto securities.

Robinhood, another one of Ribbit’s portfolio darlings, is flirting with a $6 billion valuation after its latest funding round earlier this year — and has become synonymous with stock trading for a new generation of investors (despite some criticism about its business model).

Then there are other bets the company has made in the financial services space. Along with Andreessen Horowitz and Battery Ventures, Ribbit made an investment in Cross River Bank, a financial services institution that provides a good chunk of the fintech businesses in the U.S. with their sole link into the world of regulated financial institutions. It was the originator for over $2 billion worth of loans for Max Levchin’s lending business, Affirm (another Ribbit portfolio company, now worth $2 billion) and Upstart (a fintech company that, shockingly, did not make its way into Ribbit’s portfolio).

Lest we forget, there’s another multi-billion-dollar portfolio company in the Ribbit portfolio. The company was also an early investor in Credit Karma, now a $4 billion juggernaut that was founded by a former management trainee at a Pizza Hut.

Just to make the math easier, that’s four companies worth more than $20 billion (on paper) that Ribbit can count in its latest portfolio. Not bad for a fund angling for only $420 million.

Ribbit launched its first fund in 2012, targeting a humble $90 million, when the latest financial technology investment boom was just getting started.

The brainchild of Malka, Ribbit has never really been a fund that claims the spotlight, but Malka has been a financial wizard since the age of 19.

That’s when he co-founded a securities and investment broker-dealer, Heptagon Group, which serviced the U.S. and Malka’s home market of Venezuela. In 1998, Malka created the first online brokerage for financial services in Latin America, Patagon.com. After its acquisition in 2000 for more than $700 million, Malka served as an interim chief executive officer for OpenBank, a Spanish and German online bank.

Malka has been steeped in financial services in both North America and South America and his portfolio not only reflects his knowledge, but also his roots. Malka is still active in Latin American investments, and some of the fintech portfolio that he’s amassed includes up-and-comers in South America’s fintech community, too. Look at Guiabolso, a promising startup that combines Mint, LendingClub and Credit Karma into a single service.

The interest in finance dates back to an early age. Malka likes to recount a story from when he was eight years old and wrote a letter to the tooth fairy asking for money for a lost tooth… Except Malka had certain conditions.

“I wrote, ‘Here is my tooth, please, I do not want to receive bolivars, I will only accept dollars,’” Malka told the online magazine, Ozy.

That passion for finance and attention to detail hasn’t changed in the intervening years.

“Banks have proven to be difficult environments for innovation to flourish, resulting in an antiquated financial services industry that remains relatively untouched by the technology-driven evolution transforming other markets ranging from social media sharing to professional enterprise services,” said Malka, in a statement announcing the launch of his first fund. “The technology to unlock this innovation is in place, and there are entrepreneurs around the world with groundbreaking ideas that have the potential to turn this industry on its head. What’s lacking is the investment, will and expertise to develop and make them reality. It is going to require focused investment to ignite this change, and Ribbit is here to answer the call.”

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