The sixth fund of Ribbit Capital is equivalent in size to its fifth fundUS-based investment firm Ribbit Capital is looking to raise $420 Mn for its sixth venture capital fund to continue its investment spree in startups, especially those working in the fintech segment.

As of now, Ribbit Capital has not raised any investment for this fund, according to the US Securities & Exchange Commission (SEC) filing.

Notably, the sixth fund of Ribbit Capital is equivalent in size to its fifth fund, which was initially announced in September 2018.

In August 2019, Ribbit Capital also invested in Kunal Shah’s credit card loyalty and rewards programme Cred alongside Sequoia Capital, Hillhouse Capital, Apoletto Asia, among others.

In past, Ribbit Capital had received investments from institutional investors such as Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) and US-based Silicon Valley Bank. | To read full story, visit https://startuparound.com/read/1580457605.6899505/Ribbit-Capital-Targets-$420-Mn-Corpus-For-Its-Sixth-Fund?ref=audio_experience