Category: Ribbit Capital
Marc Lore leaves Walmart a little over four years after selling Jet.com for $3B
Marc Lore, the executive vice president, president and CEO of U.S. e-commerce for Walmart, is stepping down a little over four years after selling his e-commerce company Jet.com to the country’s largest retailer for $3 billion. Lore’s tenure at the company was a mixed bag. Walmart instituted several new technology…
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Longtime investor and operator Adam Nash says he just launched a new fintech startup
Adam Nash, a Silicon Valley-born-and-bred operator and investor, is back at it again. Today, on his personal blog, he announced that he has started a consumer fintech company that has already garnered initial funding from Ribbit Capital, along with other “friends and angels” who appear to have also pitched into…
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African fintech startup Chipper Cash raises $30M backed by Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The company…
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AngelList India head Utsav Somani launches micro VC fund to back 30 early-stage startups
As investors get cautious about writing new checks to early stage startups in India amid the coronavirus outbreak, AngelList’s head in India is betting that this is the right time to back young firms. On Wednesday, Utsav Somani announced iSeed, a micro VC fund to back up at least 30…
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India’s Khatabook raises $60 million to help merchants digitize bookkeeping and accept payments online
Khatabook, a startup that is helping small businesses in India record financial transactions digitally and accept payments online with an app, has raised $60 million in a new financing round as it looks to gain more ground in the world’s second most populous nation. The new financing round, Series B,…
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BharatPe raises $75M to help Indian merchants accept digital payments and secure working capital
BharatPe, a New Delhi-based startup that is enabling hundreds of thousands of merchants to accept digital payments for the first time and also providing them with access to working capital, has raised $75 million in a new financing round as it looks to scale its business in the nation. The…
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