Tagged: robinhood

2021 Should See Some Big Fintech IPOs

2020 was a pretty good year for initial public offerings (IPOs). According to a tally put together by Renaissance Capital, 216 IPOs booked $78.1 billion during the year of COVID-19. Additionally, IPOs gained, on average, a whopping 75% – said to be the biggest post… Read More

Robinhood Cuts Margin Rate in Half to 2.5%

Digital investment platform Robinhood has slashed its margin rate in half from 5% to 2.5%. The margin rate is the interest paid by account holders when they borrow against assets held in an account. Typically, a brokerage account holder is allowed to borrow up to… Read More

Tough Week: SEC Charges Robinhood with Misleading Customers, Settles with $65 Million Penalty

The same week that Robinhood took a broadside hit by the state of Massachusetts securities regulator, the digital investment platform has now been charged by the Securities and Exchange Commission (SEC) with misleading customers on how it generates revenue. Robinhood strategically settled the charges with… Read More

Massachusetts Securities Regulator Expected to File Complaint Against Robinhood – Report

Robinhood, a digital investment platform that has encouraged a new generation of investors to enter the markets, is a target of an administrative complaint by the State of Massachusetts, according to the WSJ.com According to the report, Massachusetts Securities Division said that “Robinhood failed to… Read More

Stock Trading App Provider Robinhood Planning IPO with Assistance from Goldman Sachs: Report

Robinhood, a popular trading app that has encouraged a new generation of investors to take part in equity trading, has reportedly hired giant Wall Street investment bank Goldman Sachs to lead the Fintech firm’s IPO. Robinhood Markets will be working with Goldman Sachs (NYSE:GS) in… Read More

Estonia based Fintech RAISON Acquires €125,000 in Capital to Further Develop its Investment App

Estonia-based Fintech firm RAISON has acquired €125,000 in capital in order to add new features to its investment app. Tallinn-headquartered RAISON is focused on creating a mobile application for investments in private firms. The Fintech company’s management confirmed that the recent investment was made by… Read More

Robinhood Confirms that “Limited Number” of Customer Accounts were Compromised

Robin Hood

Robinhood, a modern trading platform that offers both traditional securities as well as cryptocurrency trading options, has confirmed that a limited number of its customer accounts were targeted by cybercriminals. However, Robinhood clarified that its service platform itself was not compromised. Hackers reportedly managed to… Read More

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

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