Ribbit Capital Plans $600mn Fintech SPAC

Fintech VC Ribbit Capital is planning a $600mn special purpose acquisition company (SPAC) to target fintech businesses; the SPAC could be made public as a soon as August; SPACs raise money from investors to acquire companies and take them public, usually within a two-year timeframe; the vehicles have recently experienced a surge in popularity, raising $13.5bn in the first half of 2020; SPACs allow for companies to go public quicker and easier than if they were to do a traditional IPO; though the fear with SPACs is that they encourage companies who would not be able to IPO to have access to public markets. Financial Times.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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