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. In 1998, Malka developed the online brokerage Patagon.com, Inc., 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. Malka then served as the interim Chief Executive Officer for OpenBank S.A., an online bank in Spain and Germany.
In 2003, he co-founded Banco Lemon which was acquired by Banco do Brasil, Latin America’s largest bank.
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. Lemon was acquired by LifeLock for $50 million in December 2013.
In May 2011, Malka co-founded Banco Bracce, a Brazilian financial banking institution specializing in lending for mid-sized companies in Brazil.
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. Ribbit subsequently raised a $124.73 million Fund II in August, 2014, and a $220 million Fund III, in March, 2015.
Through Ribbit, Malka has made investments in several financial services companies, including Credit Karma, Funding Circle, Robinhood, LendingHome, Wealthfront, Invoice2go, ContaAzul, Xapo and Coinbase.
Malka graduated from Andrés Bello Catholic University in Caracas, Venezuela in 1996 with a degree in economics.
Malka serves on the board of directors of Argentinian headquartered online e-commerce platform, Mercado Libre, Credit Karma, 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.