RIBBIT Secures Series A Funding Led by
Summary
The funding accelerates RIBBIT’s hiring plan to support growth and innovate with behavioral analytics that powers the $9B financial services market. “RIBBIT has a clear vision for the value of bank data at a time when the financial services marketplace is looking for more effective tools to acquire and manage customers,” said ABS Capital Chairman and Partner Phil Clough. “We are excited to be partnering with a company that has the ability to clearly define and execute a high-growth market strategy paired with the talent to quickly pivot and successfully adjust to rapidly changing customer needs.” According to the U.S. Office of the Comptroller and Currency, nearly 50 million Americans lack a credit score and cannot access lending or financial products. The partnership with ABS Capital allows RIBBIT to continue supporting many of the top consumer finance, BNPL, payment providers, mobile apps, and financial institutions with innovative bank behavior analytics. With AI-powered bank INSIGHTS, RIBBIT delivers instant actionable intelligence that drives customer acquisition with less friction and more accuracy than traditional tools.