Tagged: robinhood

Update: Robinhood Reportedly Raises $660 Million in Total Through Series G Investment Round

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has reportedly secured $660 million in total through its Series G funding round. The platform revealed it raised $200 million through the round last month, with D1 Capital Partners leading the… Read More

Robinhood Earns Scrutiny of SEC, May Pay $10 Million Fine: Report

Robinhood, a trading app that has encouraged a new generation of investors to participate in equity trading, may have to pay a fine due to undisclosed deals it had with outside firms, according to a report. First reported by WSJ.com, Robinhood had been selling client… Read More

Robinhood Secures $200 Million Through Series G Funding Round Led By D1 Capital Partners

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, announced on Monday it raised $200 million through its Series G funding round, bringing the company’s valuation to $11.2 billion. The investment was led by D1 Capital Partners. Founded in 2013,… Read More

Robinhood Shuts Down Stock Popularity Data Feature, Hedgies Fret

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has quietly turned off its stock popularity data feature. The feature allowed anyone to see which companies’ shares were surging in popularity by the masses of traders. Robinhood has been credited,… Read More

Robinhood Postpones UK Launch Indefinitely

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has made the tough decision to postpone its UK launch indefinitely. The company announced the unfortunate news in an email on Tuesday, which reportedly read: Hi there,   We’re saddened to… Read More

Robinhood Reportedly Secures Additional $320 Million Through Series F Funding Round; Brings Valuation to $8.6 Billion

U.S. fintech Robinhood has reportedly secured an additional $320 million in funding through its Series F investment round. Robinhood previously announced it raised $280 million through the round, which was led by Sequoia Capital.  Founded in 2013, Robinhood is on a mission is to democratize… Read More

Global Fintech Funding Declined during COVID-19, Investors Now Focused on Mature Fintechs like Robinhood and Stripe: Report

  The global Fintech industry is being transformed by the COVID-19 outbreak and resulting socio-economic problems and challenges, according to a recent report from CB Insights. As mentioned in the report, the first quarter of this year was quite difficult for the financial services sector… Read More

During House Hearing, SEC Chairman Jay Clayton Queried about US Attorney in Southern District of New York Selection, Expects Much of the Exempt Securities Ecosystem Review to be Finished by End of Fiscal Year

SEC Chairman Jay Clayton parried with members of the House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets today. The topic of the hearing was, “Capital Markets and Emergency Lending in the COVID-19 Era,” but too few of the questions aligned with the subject the… Read More

Robinhood Makes Commitments to Improve Options Offering Following Customer’s Alleged Suicide

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, announced on Friday it was making a commitment to improving its Options offering. According to Vlad Tenev and Baiju Bhatt, Co-Founders and Co-CEOs, the improvements follow the recent news that Alex… Read More

Going Down? Robinhood Experiences Another Period of Platform Outages

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, endured another period when account holders were unable to access the application. Via Twitter, Robinhood explained the issue: “We encountered an issue involving a third-party service, which led to degraded performance… Read More

Robinhood Secures $280 Million Through Series F Investment Round Led By Sequoia

U.S. fintech Robinhood announced on Monday it secured $280 million through its Series F funding round, which was led by Sequoia Capital with participation from existing and new investors, including NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures. Founded in 2013, Robinhood stated it is… Read More

US Fintech Robinhood Is Reportedly Getting Ready to Finalize a $200 Million Investment Round, Led by Sequoia Capital

US Fintech firm Robinhood is reportedly getting ready to finalize its investment round worth an estimated $200-$250 million. Following the successful completion of this round, the Menlo Park-based brokerage firm would be valued at roughly $8 billion, according to recent reports. Sources familiar with the… Read More

Once Viewed as Disaggregating, Fintechs Now Re-bundling Financial Services

For a long time, Fintechs were viewed as slicing and dicing various services that banks and other financial services firms provided as part of a cafeteria of offerings. Take online lending for example, marketplaces and direct lenders targeted SME loans and consumer credit as a… Read More

Tapping Out: Robinhood Goes Down. Again.

Robinhood suffered another outage today during a historic market rout as a combination of Coronavirus hysteria and a plunging oil market raised economic fears to a new height. Traders using the Robinhood platform once again endured a multi-hour outage. Services appear to be completely restored… Read More

Just When You Thought it Was Safe to Trade, Robinhood Takes Another Dive [u]

Crowdfund Insider reported earlier today (March 3, 2020) that trading platform Robinhood had resolved its issues and was back up and running after a day-long outage during one of the biggest market rallies ever. Unfortunately, the news that everything was A-OK was a bit premature… Read More

Leap Year Trap? Robinhood Undone by Instability in Infrastructure, Apologizes for Outage

Robinhood, a popular Fintech providing trading services, has now restored all of its services. According to a note from a Robinhood spokesperson, “instability tripped up its tech stack causing a day-long outage. A Robinhood spokesperson distributed the following statement: “On Monday, we experienced an issue… Read More

Oh No! Robinhood Experiences System-wide Failure

Technology is great when it works. When it goes down, well things can suck. Especially in the brokerage business. Popular Fintech Robinhood is having a very bad day as it falls into the latter category with a systemwide failure. A trip to the Robinhood website… Read More

Robinhood Looks Back At Its 2019 Growth & Success

With the new year just around the corner, U.S. fintech Robinhood shared the growth and successes its platform experienced in 2019. The company revealed in a blog post: “As we get ready to close out 2019, first and foremost we want to say thank you… Read More

FINRA Slams Robinhood with $1.25 Million Fine for Trade Order Routing Shortcomings

FINRA, the regulator for US broker-dealers, has slapped Robinhood – a Fintech trading platform, with a $1.25 million fine for violations pertaining to order routing. While long rmored inside the industry, Robinhood has been assesed the penalty due to “best execution violations.” Robinhood is a… Read More

Robinhood Milestone: More Than 10 Million Users Have Signed Up For Accounts

U.S. fintech Robinhood announced on Wednesday more than 10 million people have signed up for accounts on its platform. Publicly launched in 2015, Robinhood is notably on a mission to democratize our financial system. The company offers commission-free trading through on e platform. “Trading in… Read More

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