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.
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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.