Fee-free inventory buying and selling app Robinhood is near elevating $200 million in its newest spherical of funding from its present buyers, which embrace DST World, Thrive Capital, New Enterprise Associates, Iconiq, Capital G, Sequoia Capital and Kleiner Perkins, based on Bloomberg reviews. If true, the funding spherical would convey the fintech startup’s valuation to between $7 and $eight billion.
Robinhood, which has seen its share of bumps and bruises currently, together with a fast drop-and-rebrand of its checking and financial savings account function, raised $363 million in Collection D capital a 12 months in the past, bringing its valuation to $5.6 billion.
The buying and selling platform introduced this week that Robinhood Crypto was formally stay in New York, permitting residents within the state to spend money on cryptocurrencies on the app. The aptitude is now out there in 39 states.
Robinhood lately purchased media firm MarketSnacks, and re-launched the acquisition's monetary information podcast and e-newsletter as Robinhood Snacks.
The buying and selling platform has plans for an IPO and lately employed a brand new CFO from Amazon and a head of operations from Google’s progress capital fund, CapitalG.
A spokesperson for Robin Hood mentioned the agency had no touch upon the valuation.
Post a Comment