On another good sign for Fintech, Ribbit Capital collects a new fund worth $ 500 million

Ribbit Capital, a well -known project company in Fintech, is using $ 500 million to a new box, which was unveiled on Wednesday.

The new capital appears to be part of the latest Palo Alto company in Palo Alto, entitled Ribbit Capital Y, as the SEC file indicates.

In 2023, Ribbit Capital raised $ 800 million, according to its tenth pioneering fund, Ribbit Capital X.

The project company (and has been out) has invested some of the largest startups in the world, including Nubank, Afferm and Robinhood. In addition to supporting startups in North America, the company has invested in super technology across emerging markets, including those in India, such as Cred, Fi, Grumw, Razorpay and Phonepe, among other things. It has also invested in companies that focus on encryption, including Coinbase, Coinswitch and UISWAP.

Interestingly, the last $ 1.15 billion in the car it raised in 2022. This was followed by a crowded year for the company, which closed deals even in markets such as Latin America to benefit from the Global VC 2021 boom.

However, since its establishment in 2012, Ribbit Capital has supported 243 investments and led 90 of them, according to the details available on Crunchbase. Crypto Wallet Infrastructure Startup, which was valued at $ 15 million, was the latest led by Ribbit Capital this week.

The company has also left 24 of its investments, for all Crunchbase.

The collection of donations is another indication that one day the Fintech area had returned. Other signs include the public subscription planned for international purchase now, later pushing my beloved Clarena and high slope assessments and tape. This was after Servicitan public subscription in December was a good omen for other technology.

Ribbit Capital did not respond to a comment.