South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital and brings Stitch’s total funding to $52 million, the company said in a news release provided to PYMNTS. Joining the...
Venture capital firm Ribbit Capital recently bought a minority stake in a Jakarta-based digital bank Bank Jago, the country’s first fully digital bank, according to a report Monday (Oct. 4) by The Straits Times. Bank Jago has already teamed with ride-hailing app Gojek and online...
For Walmart, FinTechs are in sight — but where to from here? As reported, Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. 11) “bring together Walmart’s retail knowledge and scale with Ribbit’s FinTech...
From big box retailer to payments provider — from consumer-focused behemoth to financial services juggernaut? Perhaps. Walmart announced Monday (Jan. 11) in a press release that it is creating a FinTech startup. The details thus far are sparse. The name of the company is not...
August 25, 2017
The alternative lending sphere has fallen out of favor with venture capitalists, according to CNBC reports this week. BlueVine CEO Eyal Lifshitz told the publication that there has been a shift in how alt-lenders get financed, with backers now looking more closely at the “viability of the overall lending model.” Researchers found that online lenders […]
October 03, 2023
South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital and brings Stitch’s total funding to $52 million, the company said in a news release provided to PYMNTS. Joining the round were existing investors including PayPal Ventures, The Raba Partnership […]
October 04, 2021
Venture capital firm Ribbit Capital recently bought a minority stake in a Jakarta-based digital bank Bank Jago, the country’s first fully digital bank, according to a report Monday (Oct. 4)...
January 11, 2021
From big box retailer to payments provider — from consumer-focused behemoth to financial services juggernaut? Perhaps. Walmart announced Monday (Jan. 11) in a press release that it is creating a...
June 18, 2019
In a Series C round led by Sequoia India and Ribbit Capital, online payments firm Razorpay has notched $75 million in funding. Y Combinator’s Continuity Fund and Tiger Global Management,...
