Tagged: stock trading

Kredent InfoEdge Private Ltd, Operator of India’s StockEdge and Elearmarkets, Secures $1.34M+ from Kotak Securities, Others

Kredent InfoEdge Private Limited (KIPL), an entity that operates the Indian brands StockEdge and Elearnmarkets, has acquired growth capital of INR 10 Crore (appr. $1.35 million) from Kotak Securities Ltd in order to expand their existing product capabilities while growing their user base. This is… Read More

Karachi Fintech Seed Labs, Developer of Trading App dTrade, Acquires $6.4M from Alameda Research, Others

Karachi’s Seed Labs, which has developed a new trading app (called dTrade), has secured $6.4 million in capital through a seed funding round at a $50 million valuation. Seed Labs co-founders Ahmad Jawaid, Zabi Mohebzada, Rabeel Jawaid, and Yameen Malik have helped create the dTrade… Read More

Australia’s Stake, a Commission Free Brokerage App, Secures $30M from Tiger Global, DST Global

Australia’s commission-free brokerage app Stake has acquired $30 million in capital from Tiger Global and partners of DST Global in order to support the firm’s expansion into European markets. Stake provides retail investors with access to over 4,400 US stocks and exchange-traded-fund (ETFs), along with… Read More

Robinhood Is Still Facing Many New Complaints and Lawsuits from Clients due to Lack of Proper Customer Support: Report

Leading digital investment platform Robinhood is facing numerous lawsuits from clients. The Fintech firm’s clients have been complaining about the lengthy delays when it comes to resolving their account issues. These problems have led to many users being unable to access their funds for months,… Read More

Digital Asset Exchange Decoin Is Supporting Trading GameStop (GME) Stock Using Cryptocurrencies

Digital asset exchange Decoin announced recently that they will support trading GameStop (NYSE:GME) stock using cryptocurrencies. The Decoin team had noted that if you’re still unaware about what’s happening with r/wallstreetbets, then it’s “safe to say that you’ve been living under a rock.” As mentioned… Read More

Chinese Regulators have Instructed Banking Institutions to Trim Loan Books to Guard Against Capital Market Bubbles

China’s regulatory authorities have reportedly been telling local banking institutions to “trim” their loan books during 2021 to guard against potential risks resulting from bubbles in domestic capital markets. This, according to an update from Reuters which cited sources familiar with the matter (on March… Read More

Robinhood being Investigated by US Regulators over Trading Restrictions, Options Trading Policies

Robinhood Markets Inc, the leading zero-fee stock trading app provider, stated on Friday (February 26, 2021) that US regulatory authorities were investigating the firm’s temporary trading restrictions on these so-called “meme stocks” earlier in 2021. These activities have come under increased scrutiny as the shares… Read More

Stock Trading in Hong Kong has Increased Significantly Compared to Volumes Reported Recently by London Stock Exchange

Stock trading volumes in Hong Kong have reportedly increased by as much as 4x compared to those on London’s main stock exchange, as large tech stocks continue to attract investors from other jurisdictions. Some have referred to Hong Kong’s stock trading as the “Nasdaq of… Read More

Digital Investment Platform Robinhood to Enable Deposits and Withdrawals for Bitcoin and Other Cryptocurrencies

Digital investment platform Robinhood stated on Wednesday (February 17, 2021) that it is planning to give its clients the option to deposit and withdraw digital currencies, including the “meme crypto” Dogecoin (DOGE). The stock trading app has become really popular with younger Millennial and Gen… Read More

Tiger Global Is Reportedly Planning to Lead $200M Round in Robinhood Competitor Public.com

Tiger Global is reportedly leading a $200 million investment round in Public.com, a Robinhood competitor. at around a $1.2 billion valuation (quadrupling the firm’s value in only 2 months). Public.com’s management noted that their massive $200 million round would give the firm a $1 billion… Read More

Robinhood App Downloaded Over 1 Million Times this Past Week, Could have been “Best” and “Worst” Week for Company, Analyst Says

This past week could have just been one of the worst weeks in Robinhood’s 8-year history, however, it also might have been one of the best in some ways. According to estimates, the private firm’s app was downloaded over 1 million times from this past… Read More

UK’s Wombat, a Fractional Investment Platform, Acquires $2M in Seed Funding via Round led by Fuel Ventures

UK-based Wombat, a fractional investment platform, has acquired $2 million in capital via a seed funding round that was led by Fuel Ventures. Established in 2019, Wombat claims around 62,000 users for its mobile trading platform, providing access to 31 popular stocks and 22 theme-based… Read More

More than 30 Lawsuits Now Filed Against Stock Trading App Provider Robinhood Markets Inc., Suits Allege Company Is Manipulating Markets

Digital investment platform Robinhood is reportedly facing around 30 different lawsuits from traders for shutting down or not supporting GameStop trading. Several groups of Robinhood‘s clients have filed lawsuits against the stock trading service provider. Lawsuits have alleged the firm violated certain laws by imposing… Read More

Publicly Listed Indian Fintech 5paisa Confirms Great Year for Indian IPOs in 2020, Projects Solid 2021 As Well

Mumbai-based 5paisa, a one-stop shop for quality research and low-cost and “cutting-edge” trading platforms, notes that last year, there were relatively few IPO listings, but there was still a lot of participation on Dalal Street (which is the address of the Bombay Stock Exchange and… Read More

Digital Investment Platform Robinhood Kicks Off 2021 with Revamping its Educational Resource Hub

Robinhood, a digital investment platform that has encouraged a new generation of investors to enter the markets, notes that with millions of new investors or traders now joining Robinhood and investing for the first time, financial education has “never been more crucial.” As the company… Read More

World’s First “Decentralized” Stock Futures Trading Introduced by Injective Protocol Developers

The developers at Injective Protocol, a digital assets derivatives exchange for DeFi, have launched the world’s first “decentralized” stock futures trading platform. The Injective Protocol development team confirmed that they’re pleased to announce the launch of decentralized stock futures trading – which means that their… Read More

Public, Provider of Commission-Free Social Investing App, Secures $65 Million via Series C Round

US-based Public, the provider of a commission-free social investing app, has reportedly finalized a $65 million Series C investment round that was led by Accel. American professional skateboarder Tony Hawk also took part in the round. Advancit Capital, Greycroft, Lakestar, business executive Richard Parsons, and… 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

Indian Fintech 5paisa to Allow Locals to Invest in US Stocks like Amazon, Apple, Facebook, Netflix, Tesla

India’s 5paisa, a publicly-listed Fintech company, has introduced the option to acquire international stocks. Prakarsh Gagdani, CEO at 5paisa, confirms that the new service allows its customers to invest in shares listed on Indian stock exchanges and it also allows them to acquire US stocks…. Read More

Y Combinator backed Indian Fintech Investment App Groww Secures $21.4 Million via Series B

Groww, an investment app that aims to focus on providing services to Indian millennials, has reportedly secured $21.4 million in capital through a Series B funding round – which was led by US-based VC firm Ribbit Capital. Existing investors Sequoia India and Y Combinator also… Read More

Send this to a friend