Ribbit Capital, a venture firm specialized in fintech, is raising $500 million for its latest flagship fund, Ribbit Capital Y, according to a recent SEC filing. The firm has previously raised $800 million for its tenth fund just earlier this year. Notable for its investments in major fintech startups such as Nubank and Robinhood, Ribbit has also backed emerging market firms in India. Despite the smaller size of recent funds compared to previous years, investment activity in the fintech sector appears to be on the rise, suggesting renewed vitality in the market.
Ribbit Capital is raising $500 million for its new flagship fund while continuing to invest in both North American and emerging market fintech startups.
The venture firm successfully closed significant deals during the global VC boom and has recently observed increased fintech activity, signaling growth in the sector.
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