Tagged: robinhood

April 17, 2020 @ 8:40 am By Omar Faridi  |  

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

March 23, 2020 @ 12:13 pm By JD Alois  |  

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

March 9, 2020 @ 3:57 pm By JD Alois  |  

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

March 4, 2020 @ 10:20 am By JD Alois  |  

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

March 3, 2020 @ 7:49 am By JD Alois  |  

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

March 2, 2020 @ 1:40 pm By JD Alois  |  

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

December 23, 2019 @ 2:00 pm By Samantha Hurst  |  

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

December 19, 2019 @ 1:28 pm By JD Alois  |  

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

December 5, 2019 @ 6:29 am By Samantha Hurst  |  

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

November 27, 2019 @ 3:20 pm By JD Alois  |  

Robinhood, a Fintech that seeks to provide a growing number of banking services, has pulled its application for a national bank charter filed with the Office of the Comptroller of the Currency (OCC), according to a report by CNBC. Robinhood filed for a “Charter National… Read More

November 25, 2019 @ 7:59 am By JD Alois  |  

As predicted last week, online broker Charles Schwab (NYSE:SCHW) has announced the purchase of TD Ameritrade (NASDAQ:AMTD) in a deal worth $26 billion. According to Schwab, the all-stock transaction represents a 17% premium of TD Ameritrade’s average share price as of November 20, 2019. Shares… Read More

November 21, 2019 @ 7:33 am By JD Alois  |  

Two titans in the online brokerage space are preparing to merge, according to multiple reports. Schwab and TD Ameritrade are poised to combine operations in a deal that could be finalized as soon as today for an estimated $26 billion purchase. The move to consolidate… Read More

November 5, 2019 @ 5:05 pm By JD Alois  |  

A report indicates that trading App Robinhood had an interesting flaw in its platform that enabled some users to access unlimited borrowed funds. According to a write up by Bloomberg, users in the Reddit forum WallStreetBets were able to take advantage of the flaw. Investors… Read More

October 30, 2019 @ 9:19 pm By JD Alois  |  

This afternoon, the US Federal Reserve cut its benchmark interest rate by 25 basis points. The Federal Open Market Committee decided to lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent due to muted inflation and the “implications of global… Read More

October 13, 2019 @ 9:32 pm By Samantha Hurst  |  

Robinhood, a trading App and Fintech stealth bank, recently announced it has appointed former SEC Commissioner, Dan Gallagher, to its Board of Directors. According to Robinhood, Gallagher has an extensive background in finance markets and regulatory matters and will be bringing expertise to the Board… Read More

October 8, 2019 @ 8:21 pm By JD Alois  |  

Robinhood, a trading App and Fintech stealth bank, has returned to the current account business with FDIC insured savings accounts. Robinhood now offers a brokerage service, options, crypto as well as cash management. Robinhood does not charge commission fees on all trading. As of this… Read More

August 8, 2019 @ 8:23 am By Samantha Hurst  |  

U.S. fintech Robinhood announced on Wednesday that it received authorization from the Financial Conduct Authority (FCA) to operate as a broker in the UK. According to Robinhood, the authorization will enable us to bring its investing platform to customers in the UK and is a… Read More

July 24, 2019 @ 5:23 pm By JD Alois  |  

Fintech Betterment announced yesterday it was becoming more like a bank. The Robo-advisor with more than $15 billion under management revealed “Betterment Everyday”. The new service offered FDIC-insured checking and savings accounts minus all of the typical fees that traditional banks tend to slap on…. Read More

July 23, 2019 @ 12:13 pm By Samantha Hurst  |  

Robinhood announced on Monday it secured $323 million through its Series E funding round, which was led by DST Global, with participation from investors including Ribbit Capital, NEA, Sequoia, and Thrive Capital. Founded in 2013, Robinhood reported that it is on a  mission to democratize… Read More

June 21, 2019 @ 10:06 pm By Samantha Hurst  |  

Just a couple of months after the revamping of Robinhood Gold, Robinhood announced Nasdaq Level 2 Market Data has been added to the premium feature, which includes other research reports and margin investing. Robinhood revealed for only $5 a month, users will receive all new… Read More