FinTech investor Ribbit Capital looks for $300m for new fund

Palo Alto-based fintech investor Ribbit Capital is on the hunt for a new fund.

The Wealthfront, Avant and Funding Circle backer is looking for $300m, according to an SEC filing.

The fund will be its fourth fund to date since launching in 2012.

Ribbit closed its third fund at $220m in March 2015 and its second in August 2014 with just shy of $125m.

The firm is yet to raise the new funds but its previously managed funds included institutional backers such as BBVA and Silicon Valley Bank as well as high-net-worth individuals.

Ribbit was launched by Meyer Malka, who previously co-founded and worked across multiple financial services and payments startups in Latin America and the US.

The firm has already made six investment this year and participated in major rounds including Funding Circle’s $100m Series F.

Ribbit takes an international approach to investing in financial services, this year backing German savings service Raisin’s $32m Series C and emerging markets-focused credit scoring company Tala’s $30m Series B.

The company also invested in Brazilian credit card disruptors Nubank’s $80 Series D round in December.

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