Ribbit Capital

Goldman Sachs-backed ZestMoney, once valued at $450M, sold to DMI in fire sale

ZestMoney, the Goldman Sachs-backed Indian fintech startup once valued at $450 million, has sold itself to financial services firm DMI Group, the two said late Wednesday, in a fire sale that caps 12 t

Stitch raises $25M Series A extension led by Ribbit Capital, increasing the round’s total to $46M

Open banking, in which traditional banks release their data via application programming interfaces (APIs) to enable the development of new financial services for their consumers, has been one of the m

ZestMoney founders resign as Goldman Sachs-backed fintech struggles to raise funds

Founders of ZestMoney have resigned from the startup, the latest twist in the fate of the Indian fintech whose ability to underwrite small ticket loans to first-time internet customers once drew the b

Tiger Global and Ribbit invest another $100 million in PhonePe

PhonePe has raised another $100 million as part of an ongoing round, a deliberation that has now helped it pull $450 million in recent weeks despite the market downturn, as the Indian fintech giant bu

Eric Schmidt backs former Google exec’s digital family office platform in $90 million funding

Caesar Sengupta has worked on, and overseen, several category-defining projects in the past decade and a half. As a product lead at Google, he was in charge of ChromeOS, the company’s desktop operat

Balance raises $56M to tip the one-click checkout scales in favor of B2B merchants

The company is working now with hundreds of merchants and dozens of B2B marketplaces, a 10-time increase since last year.

Ex-Meta crypto chief David Marcus launches Bitcoin payments startup backed by a16z and Paradigm

After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land. Today, the former Messenger boss and Paypal executive offered

Topsort, an auction-based advertising startup, now valued at $110M after seed round

When Regina Ye was in college, she was a Shopify seller and recalls being so fed up with advertising solutions that she spent finals week staying up late to figure out how ads worked on Facebook and A

Atlantic Money wants to challenge Wise with even cheaper international money transfers

Meet Atlantic Money, a foreign exchange startup that plans to be cheaper than other foreign exchange services. If that pitch sounds familiar, that’s because Wise, the company formerly known as Trans

Forma raises new funding to make employee benefits more flexible

Companies across the board are fighting to recruit and retain employees as the war for talent rages on. Employee benefits are no longer viewed as a cookie-cutter, standard set of offerings — rat

Shark Tank India host Ashneer Grover resigns from BharatPe board amid turmoil at Indian fintech

Ashneer Grover, a founder and the public face of BharatPe, has resigned from the board and left the managing director position he held at the Tiger Global-backed Indian fintech startup following the o

Daffy aims to make using donor-advised funds as easy as a few phone taps

Renowned Silicon Valley operator Adam Nash thinks you want to donate more than you do, and he’s about to make it dead simple for you to give more. Such is the message we received when talking la

Vivid Money, a financial super app, raises $114M at an $886M valuation to expand in Europe

Vivid Money, a challenger bank out of Berlin with 500,000 customers, has made a name for itself with a financial one-stop shop “super app” that, in addition to basic checking and money man

Can you build centralized islands in a decentralized ocean?

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. We’re getting back up to full speed this week, so Mary An

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

Ribbit Capital, a venture firm best known for its fintech investments, has raised $1.15 billion in new capital in what appears to be a close of its seventh fund, according to a filing with the U.S. Se

Settle bags $60M to simplify bill payments for e-commerce

Settle extends payment terms for a customers’ vendors, paying them with Settle's money so the company can pay them back 30 to 120 days later.

Brazilian insurtech Justos raises $35.8M in Ribbit Capital-led Series A

Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding led by Ribbit Capital. SoftBank’

Startup insurance provider Vouch raises $90M, now valued at $550M

Vouch, a provider of business insurance to startups and high-growth companies, announced today it has raised $90 million in new funding. The $90 million figure was raised across two rounds: a $60 mill

Offchain Labs raises $120 million to fix Ethereum’s shortcomings with its Arbitrum product

As the broader crypto world enjoys a late summer surge in enthusiasm, more and more blockchain developers who have taken the plunge are bumping into the blaring scaling issues faced by decentralized a

Balance raises $25M in a Ribbit Capital-led Series A to grow its ‘consumer-like B2B checkout platform’

Balance, a payments platform aimed at B2B merchants and marketplaces, has raised $25 million in a Series A funding round led by Ribbit Capital. Avid Ventures participated in the financing, in addition
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