Meyer Malka

Meyer Malka
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. He is founder and general partner of Ribbit Capital (company), a venture capital firm based in Palo Alto, California.[1]

Career

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.[2] In 1998, Malka developed the online brokerage Patagon.com, Inc.,[3] which became Latin America’s first comprehensive Internet-based financial services portal and dealer until its acquisition in March 2000 by the Spanish bank Banco Santander for over $700 million.[4] Malka then served as the interim Chief Executive Officer for OpenBank S.A., an online bank in Spain and Germany.[5]

In 2003, he co-founded Banco Lemon which was acquired by Banco do Brasil, Latin America’s largest bank.[6]

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.[2] Lemon was acquired by LifeLock for $50 million in December 2013.[7][8]

In May 2011, Malka co-founded Banco Bracce, a Brazilian financial banking institution specializing in lending for mid-sized companies in Brazil.[5]

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.[2][9] Ribbit subsequently raised a $124.73 million Fund II in August, 2014, and a $220 million Fund III, in March, 2015.[10]

Through Ribbit, Malka has made investments in several financial services companies, including Credit Karma, Funding Circle, Robinhood, LendingHome, Wealthfront, Invoice2go, ContaAzul, Xapo and Coinbase.[11][12][13][14][15][16]

Malka graduated from Andrés Bello Catholic University in Caracas, Venezuela in 1996 with a degree in economics.[2]

Boards

Malka serves on the board of directors of Argentinian headquartered online e-commerce platform, Mercado Libre,[17] Credit Karma,[11] 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.[13][14]

References

  1. ↑ "Ribbit Capital Closes $100M Venture Capital Fund; Launches Inaugural Fund with Four Initial Investments". Business Wire. January 22, 2013.
  2. 1 2 3 4 Serena Saitto (February 28, 2014). "Bitcoin Bull Holds Firm as Mt. Gox Drags Down Currency". Bloomberg.
  3. ↑ "Bling Nation Launches Community Payment Network for Local, Regional Financial Institutions". Business Wire. November 18, 2008.
  4. ↑ "Things Could Get Nasty On The Net". Bloomberg Businessweek. April 2, 2000.
  5. 1 2 "Can Capital Advisory Board". CanCapital.com. Retrieved March 2, 2014.
  6. ↑ "MERCADOLIBRE INC" (PDF). EDGAR Online. Retrieved March 5, 2014.
  7. ↑ "Leading Identity Theft Protection Company LifeLock Acquires Mobile Wallet Innovator Lemon, Inc". LifeLock. December 12, 2013.
  8. ↑ Blair Hanley Frank (December 12, 2013). "Maveron-backed Lemon Wallet sells to LifeLock for $50 million". GeekWire.com.
  9. ↑ Tricia Duryee (January 22, 2013). "Ribbit Capital Raises $100 Million With the Goal of Modernizing Money". All Things Digital.
  10. ↑ Mark Boslet (March 26, 2015). "Ignition to raise a $200 mln 6th fund, Ribbit targets $220 mln for third". PeHUB.
  11. 1 2 "Credit Karma Secures $30 Million in Series B Funding". Marketwired. April 2, 2013.
  12. ↑ "Funding Circle secures Series C led by Accel". peHUB Reuters. October 24, 2013.
  13. 1 2 "The 2015 Fintech Finance 35: Meyer (Micky) Malka, Ribbit Capital". Institutional Investor. November 9, 2015.
  14. 1 2 Vinod Sreeharsha (September 10, 2015). "A Venezuelan in Silicon Valley Finds a Niche in Finance". The New York Times.
  15. ↑ "ContaAzul Raises Series B Funding". Business Wire. November 4, 2013.
  16. ↑ Sarah E. Needleman (May 7, 2013). "Coinbase Nabs $5M in Biggest Funding for Bitcoin Startup". The Wall Street Journal.
  17. ↑ "MercadoLibre Inc MercadoLibre Inc". Reuters. Retrieved March 5, 2014.
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