Ribbit Capital Closes $100M Venture Capital Fund; Launches Inaugural Fund with Four Initial Investments

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Description: PALO ALTO, Calif.--(BUSINESS WIRE)--Let’s face it; the financial services industry is stuck in a time warp. Paying bills online or trading stocks with the click of a mouse may have felt revolutionary in the 1990s, but with innovation accelerating in countless other industries, the reality is that consumers and businesses today are still relying on financial tools and processes developed in a bygone era. Ribbit Capital, a new Silicon Valley-based venture capital firm led by serial entrepreneur Me
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