Ribbit Capital

Ribbit Capital is a venture capital firm founded in 2012 by Micky Malka, a Venezuelan entrepreneur, and based in Palo Alto, California. The firm has built its reputation as a dedicated fintech investor, backing Robinhood, Coinbase, and Nubank at early stages. It manages approximately $12bn in regulatory assets and has backed 170 companies, producing 41 unicorns and 16 IPOs. Its investment model is thesis-driven around financial infrastructure and global money movement, with Robinhood representing its single largest position at over $500m invested since 2014.

Ribbit's co-lead role in Mach Industries' $300m Series c of June 2026 is a significant departure from its core mandate. As co-lead alongside deep-tech specialist Infinite Capital, Ribbit took on price-setting responsibility for a round valuing Mach at $1.8bn. The participation of a firm with no prior public defence-technology portfolio is read by analysts as a signal that the capital category around autonomous weapons systems has matured beyond specialist defence-tech funds: generalist capital with a strong financial returns track record is now pricing defence-sector risk at scale. Ribbit has previously demonstrated appetite for category extension, partnering with Walmart in 2021 to launch the fintech venture One.