Ribbit Capital and Felicis Ventures back Activehours app

Activehours said Wednesday that it has raised $4.1 million in seed funding. Ribbit Capital and Felicis Ventures led the round. Based in Palo Alto, Calif., Activehours is a mobile app that gives hourly workers access to their earned wages.


Index Ventures and Ribbit Capital backs Wealthfront

According to a blog post on its site, Wealthfront has closed $35 million in funding. Index Ventures and Ribbit Capital led the round with participation from investors that included The Social+Capital Partnership, Greylock Partners and DAG Ventures. Based in Palo Alto, Calif., Wealthfront is an automated investment service provider. To read the announcement, visit here.


Benchmark, Fortress, Ribbit invest in Pantera Bitcoin

Pantera Capital Management, which is now focused exclusively on Bitcoin, said Wednesday that Benchmark, Fortress Investment Group and Ribbit Capital are acquiring an interest in Pantera Bitcoin Partners. Founded in 2003, Pantera Capital previously focused on global macro hedge fund investments.


Benchmark leads $20 mln round for bitcoin wallet startup Xapo

According to a blog post on its site, Xapo has closed $20 million in Series A funding. Benchmark led the round with participation from Fortress Investment Group and Ribbit Capital. Based in Palo Alto, Calif., Xapo is a bitcoin wallet startup. To read the announcement, visit here.


Credit Karma secures $85 million growth round

Credit Karma announced it has raised $85 million in growth-stage funding, led by Google Capital. Others participating in the round include Tiger Global Management and existing investors Ribbit Capital and Susquehanna Growth Equity. The San Francisco-based company, which provides consumers with credit scores and online tools to manage one’s credit, has now raised $118.5 million in total funding. As part of the latest round, David Lawee from Google Capita, has joined the board.

Meritech leads $33 mln round in small business lender CAN Capital

Meritech Capital Partners has led a $33 million Series C round in CAN Capital, a New York-based provider of alternative financing for small businesses. Joining the round are existing investor Accel Partners, Ribbit Capital and QED Investors. As part of the funding, Mike Gordon, managing director at Meritech, has joined the board.

Funding Circle secures Series C led by Accel

Funding Circle, an online marketplace for business loans has secured a $37 million series C investment led by Accel Partners. New investor Ribbit Capital joins New York-based Union Square Ventures and Index Ventures in the round. In total Funding Circle has raised $58 million in equity funding.

Ribbit Capital Raises $100m Finance-focused Fund

Ribbit Capital, a firm founded by financial services entrepreneur Micky Malka, has closed its inaugural $100 million fund, writes Reuters. Ribbit, which means interest in Hebrew, will specialize in lending, payments, insurance, accounting, tax preparation and personal financial management.

Canaan Backs Online Lender Borro; GP Dan Ciporin Joins Board

Borro, which operates a secured asset lending site, has raised $26 million in a funding round led by Canaan Partners and including Ribbit Capital. The company, which was launched in London four years ago and has operated out of New York since January, previously raised about $20 million from European investors. As part of the funding, Canaan General Partner Dan Ciporin has joined the board.

PEHUB Community

Join the 12502 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Create your free online surveys with SurveyMonkey , the world's leading questionnaire tool.

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget


VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget