In another good sign for fintech, Ribbit Capital is raising a new $500M fund

Ribit Capital, an zealous company known for investing in filing to the US Securities and Exchange Commission (SEC) on Wednesday, is collecting $ 500 million for a new fund.

The new capital seems to be a part of the latest flagship fund of the Palo Alto-based zealous firm, Ribit Capital Y, the title SEC filing Advises.

In 2023, Ribit Capital Raising $ 800 millionReported for it Tenth flagship fundRibit Capital X.

The Venture Farm has invested (and exit) in the world’s largest fintech startups, including Nubank, Rayam and Robinhood. In addition to supporting North America Startups, the firm has invested in fintechs in emerging markets like Credit, FI, Grow, Razorpe and Phone Phepo. It has also invested in crypto-centric companies like Coinbes, Coinwich and UNISWap.

The funny thing is that Ribit Capital is significantly smaller than the recent funds $ 1.15 billion vehicles It was raised in 2022. It followed a busy year for the firm, which has closed the deal to capitalize on the 2021 VC boom in the market like Latin America.

Nevertheless, since its inception in 2002, Ribit Capital has supported 243 investment and has led 90 of them, in detail Available Enterprise Blockchain Startup Round of $ 23.6 million in Crossmint This week was the last of the Ribit Capitals governed by Ribit Capital.

The farm came out of 24 of its investment according to Crunchbase.

A further signal of funding to fund the fund Once-Bellguard fintech region The rise has returned. Among other symptoms Provide Darling Clarna later after the planned IPO of international purchase And the rise Ramp And Stripe This was the one after the services Blockbuster IPO in December It was a good ominous for other fintecs.

Ribit Capital does not respond to any request for comment.