Meyer Malka
| Meyer Malka | |
|---|---|
| Born | |
| 🎓 Alma mater | Andrés Bello Catholic University |
| 💼 Occupation | Technology & financial services entrepreneur; founder and General Partner of Ribbit Capital |
| 🌐 Website | Meyer "Micky" Malka - Ribbit Capital |
Meyer "Micky" Malka is a technology and financial services entrepreneur.[1][2] He is founder and general partner of Ribbit Capital (company), a venture capital firm based in Palo Alto, California.[3][4] and his VC firm has now expanded to have $2 billion under management. [5]
Career[edit]
In 1993, at the age of 19, Malka co-founded Heptagon Group, a securities and investment broker dealer servicing the Venezuelan and U.S. markets, where he served as Chief operating officer.[6] In 1998, Malka developed the online brokerage Patagon.com, Inc.,[7][8] which became Latin America’s first comprehensive Internet-based financial services portal[9] and dealer until its acquisition in March 2000 by the Spanish bank Banco Santander for over $700 million.[10] Malka then served as the interim Chief Executive Officer for OpenBank S.A., an online bank in Spain and Germany.[11]
In 2003, he co-founded Banco Lemon which was acquired by Banco do Brasil, Latin America’s largest bank.[12]
After moving to San Francisco in 2007, in July 2008, Malka co-founded and served as co-Chief Executive Officer of Bling Nation Ltd., a Palo Alto-based mobile payments company until July 2011 when it evolved into Lemon Inc.[6] Lemon was acquired by LifeLock for $50 million in December 2013.[13][14]
In May 2011, Malka co-founded Banco Bracce, a Brazilian financial banking institution specializing in lending for mid-sized companies in Brazil.[11]
In 2012, Malka founded Ribbit Capital, a venture capital firm that targets early-stage companies that use technology to innovate financial services worldwide. Malka raised Ribbit’s inaugural $100 million fund in 2012. Investors include Banco Bilbao Vizcaya Argentaria, Silicon Valley Bank and various institutional investors and individuals such as Social+Capital founder Chamath Palihapitiya and Facebook Vice President of Messaging, David Marcus.[6][15] Ribbit subsequently raised a $124.73 million Fund II in August, 2014, and a $220 million Fund III, in March, 2015.[16]
Through Ribbit, Malka has made investments in several financial services companies, including Credit Karma, Funding Circle, Robinhood, LendingHome, Wealthfront, Invoice2go, ContaAzul, Xapo and Coinbase.[17][18][19][1][20][21]
Malka graduated from Andrés Bello Catholic University in Caracas, Venezuela in 1996 with a degree in economics.[6]
Ribbit Capital[edit]
| Limited Partnership[22] | |
| ISIN | 🆔 |
| Industry | Venture Capital |
| Founded 📆 | 2012 |
| Founder 👔 | Meyer 'Micky" Malka |
| Headquarters 🏙️ | Palo Alto, California, U.S. |
Area served 🗺️ | |
Key people | Meyer Malka, Nick Shalek, Nikolay Kostov[23] |
| Members | |
Number of employees | |
| 🌐 Website | ribbitcap |
| 📇 Address | |
| 📞 telephone | |
As of 2015, Ribbit had raised $446 million, the fourth-largest amount of money raised among U.S-based venture capital firms started since 2012.[24][25] Ribbit focuses on technology companies involved in lending, payments, insurance, accounting, tax preparation and personal financial management.[22] It generally invests between $2 million and $15 million in early stage financial start ups.[26]
The firm has invested mostly in companies headquartered in the United States, Latin America, and Europe;[24] between 2014 and 2016 Riibit and Redpoint Ventures were the two most active Silicon Valley investors in Brazilian companies.[27]
The firm also invested directly in bitcoin. In 2014, Ribbit, in concert with Social + Capital Partnership, was reported to control 5% of all bitcoins.[28][29] Aside from direct investments in bitcoin, Ribbit has financed five bitcoin companies.[29]
Ribbit raised three funds between 2012 and 2015,[24] including a $100 million fund in 2013,[30] a $125 million fund in 2014[31] and a $226 million fund in 2015.[24]
Boards[edit]
Malka serves on the board of directors of Argentinian headquartered online e-commerce platform, Mercado Libre,[32] Credit Karma,[17] an online consumer resource to track financial health and credit services, LendingHome - a technology-enabled mortgage marketplace platform, Invoice2go – a mobile and web application providing simple invoicing, expense-tracking, and reporting tools for small businesses, and Xapo - a secure mobile bitcoin wallet and vault.[19][1]
References[edit]
- ↑ 1.0 1.1 1.2 Vinod Sreeharsha (September 10, 2015). "A Venezuelan in Silicon Valley Finds a Niche in Finance". The New York Times.
- ↑ Vasiliev, Peter (14 November 2016). "The 2016 Fintech Finance 35: Meyer (Micky) Malka". Institutional Investor.
- ↑ "Ribbit Capital Closes $100M Venture Capital Fund; Launches Inaugural Fund with Four Initial Investments". Business Wire. January 22, 2013.
- ↑ Venezuelan’s Plan to Reinvent U.S. Financial Services Ozy Magazine
- ↑ Ribbit Capital Exceeds $2 Billion in Assets Under Management With New Fund Wall Street Journal
- ↑ 6.0 6.1 6.2 6.3 Serena Saitto (February 28, 2014). "Bitcoin Bull Holds Firm as Mt. Gox Drags Down Currency". Bloomberg.
- ↑ "Generations NET: Three Young Men Made the First Million Operation in Venezuela". Inversiones. 1 April 2000.
- ↑ "Bling Nation Launches Community Payment Network for Local, Regional Financial Institutions". Business Wire. November 18, 2008.
- ↑ "Human C@aplital, Leader of the New Economy. Meyer Malka and Atonin Turco, Two Local Leader of the New Economy, Talk About How They Entered the Field". El Nacion. 20 September 2000.
- ↑ "Things Could Get Nasty On The Net". Bloomberg Businessweek. April 2, 2000.
- ↑ 11.0 11.1 "Can Capital Advisory Board". CanCapital.com. Retrieved March 2, 2014.
- ↑ "MERCADOLIBRE INC" (PDF). EDGAR Online. Retrieved March 5, 2014.
- ↑ "Leading Identity Theft Protection Company LifeLock Acquires Mobile Wallet Innovator Lemon, Inc". LifeLock. December 12, 2013.
- ↑ Blair Hanley Frank (December 12, 2013). "Maveron-backed Lemon Wallet sells to LifeLock for $50 million". GeekWire.com.
- ↑ Tricia Duryee (January 22, 2013). "Ribbit Capital Raises $100 Million With the Goal of Modernizing Money". All Things Digital.
- ↑ Mark Boslet (March 26, 2015). "Ignition to raise a $200 mln 6th fund, Ribbit targets $220 mln for third". PeHUB.
- ↑ 17.0 17.1 "Credit Karma Secures $30 Million in Series B Funding". Marketwired. April 2, 2013.
- ↑ "Funding Circle secures Series C led by Accel". peHUB Reuters. October 24, 2013.
- ↑ 19.0 19.1 "The 2015 Fintech Finance 35: Meyer (Micky) Malka, Ribbit Capital". Institutional Investor. November 9, 2015.
- ↑ "ContaAzul Raises Series B Funding". Business Wire. November 4, 2013.
- ↑ Sarah E. Needleman (May 7, 2013). "Coinbase Nabs $5M in Biggest Funding for Bitcoin Startup". The Wall Street Journal.
- ↑ 22.0 22.1 McBride, Sarah (22 June 2013). "Ribbit Capital raises $100 million finance-focused fund". Reuters. Retrieved 15 May 2016.
- ↑ Rizzo, Pete (30 January 2015). "Ribbit Capital's Micky Malka Talks Bitcoin's Slow Road to Mainstream". CoinDesk. Retrieved 18 May 2016.
- ↑ 24.0 24.1 24.2 24.3 Sreeharsha, Vinod (10 September 2015). "A Venezuelan in Silicon Valley Finds a Niche in Finance". New York Times. Retrieved 15 May 2016.
- ↑ Chernova, Yuliya (2018-09-13). "Ribbit Capital Exceeds $2 Billion in Assets Under Management With New Fund". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-03-29.
- ↑ Cheredar, Tom (22 January 2013). "Ribbit Capital lands $100M fund for finance-focused startups". Venture Beat. Retrieved 15 May 2016.
- ↑ Sreeharsha, Vinod (December 7, 2016). "DST Global Leads $80 Million Private Investment in Nubank". The New York Times.
- ↑ Saitto, Serena (28 February 2014). "Bitcoin Bull Holds Firm as Mt. Gox Drags Down Currency". Bloomberg L.P. Retrieved 15 May 2016.
- ↑ 29.0 29.1 Kirby, Carrie (31 March 2014). "'Micky' Malka on How Bitcoin Can Help the World's Unbanked". Coindesk. Retrieved 15 May 2016.
- ↑ Duryee, Tricia (22 January 2013). "Ribbit Capital Raises $100 Million With the Goal of Modernizing Money". All Things D. Retrieved 15 May 2016.
- ↑ O'Neil, Lorena (27 August 2013). "ONE VENEZUELAN'S PLAN TO REINVENT U.S. FINANCIAL SERVICES". Ozy. Retrieved 15 May 2016.
- ↑ "MercadoLibre Inc MercadoLibre Inc". Reuters. Retrieved March 5, 2014.
External links[edit]
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