What companies has Ribbit Capital backed in Africa?

Ribbit Capital backed Stitch in South Africa, Chipper Cash in Nigeria, and Tala in Kenya. All investments were in the fintech sector. These spanned Series A, Series B, and Series C rounds.

Does Ribbit Capital invest in fintech in Africa?

Yes, Ribbit Capital invested exclusively in African fintech companies. It committed $255 million across four rounds in Nigeria, South Africa, and Kenya. Investments occurred between 2018 and 2023.

What stages does Ribbit Capital invest at in Africa?

Ribbit Capital invested at Series A (one round), Series B (one round), and Series C (two rounds) in Africa. All targeted fintech companies. The active period was April 2018 to October 2023.

Where in Africa does Ribbit Capital invest?

Ribbit Capital focused on Nigeria (two rounds), South Africa (one round), and Kenya (one round). Investments totaled $255 million in fintech. Activity spanned 2018 to 2023.

Who are Ribbit Capital's co-investors in African deals?

Co-investors included Bezos Expeditions (two rounds), PayPal Ventures (one round), and others such as Raba Capital, CRE Venture Capital, and Tribe Capital. These partnerships supported fintech investments in Africa.

Ribbit Capital

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Ribbit Capital is a venture capital firm based in Palo Alto, California. Founded in 2012, the firm invests globally in financial technology companies. It manages substantial assets and supports entrepreneurs disrupting financial services. In Africa, Ribbit Capital has invested $255 million across four funding rounds from April 2018 to October 2023. The firm focused exclusively on fintech, with investments at Series A, Series B, and Series C stages. Geographic preferences included Nigeria (two rounds), South Africa (one), and Kenya (one). Notable investments include Stitch (Series A, South Africa), Chipper Cash (Series C and Series B, Nigeria), and Tala (Series C, Kenya). The firm co-invested with partners such as Bezos Expeditions, PayPal Ventures, and Tribe Capital.

Total Invested

$455M

Active Since

Apr 2018

Latest Investment

Oct 2023

Top Stage

Series A