Ribbit Capital
Fintech-focused venture capital firm; co-lead investor in Mach Industries’ 2026 Series C, signalling generalist capital crossing into defence.
Last refreshed: 7 June 2026
Timeline for Ribbit Capital
Mach hits $1.8B in fintech-backed round
Drones: Industry & Defence- What is Ribbit Capital known for?
- Ribbit Capital is a Palo Alto venture capital firm founded in 2012 by Micky Malka, focused on fintech. It is best known for early investments in Robinhood, Coinbase, and Nubank, managing around $12bn in assets.Source: Wikipedia / Ribbit Capital
- Why did Ribbit Capital invest in a defence company?
- Ribbit Capital's co-lead role in Mach Industries' June 2026 Series C signals that generalist capital is now pricing defence-tech risk at scale. Ribbit has previously extended beyond pure fintech, co-founding the Walmart venture One in 2021. Mach's production-scale thesis and strong financial metrics appear to have met Ribbit's financial-returns threshold regardless of sector.Source:
- How much money does Ribbit Capital manage?
- As of 2024, Ribbit Capital reported approximately $12bn in regulatory assets under management across fintech-focused funds, with a team of around 31 people and 170 portfolio companies.Source: SEC filings via Tracxn
Background
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.