Ribbit LEAP, Ltd announced that it has entered into a share purchase agreement with Ribbit LEAP Sponsor, Ltd. for private placement of 900,000 A shares or 1,005,000 A shares at an issue price of $10 per share for the gross proceeds of $9,000,000 or $10,050,000 on August 25, 2020. The underwriters are granted an option of over-allotment in the transaction. The shares to be issued in the transaction are subject to hold period of one year.