Josh Kushner’s Thrive Capital brings in $1B
It’s a good week to be Josh Kushner, venture capitalist, founder of the health insurance unicorn Oscar, brother to President Donald Trump’s senior advisor Jared Kushner and son of real estate tycoon...
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Robinhood hires 20-year Amazon veteran to CFO role as high-flying startup...
Robinhood, the zero-fee stock trading app and cryptocurrency exchange, is bringing on a former Amazon finance exec to help the company prepare for an eventual public debut. Warnick The startup has...
View ArticleRobinhood hires CapitalG partner to lead operations
Robinhood’s human resources department is keeping busy this month, announcing this morning that the zero-fee stock trading app and cryptocurrency exchange has tapped CapitalG partner Gretchen Howard...
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Fintech startup Plaid raises $250M at a $2.65B valuation
In the five years since its product was showcased onstage at TechCrunch Disrupt New York’s hackathon, Plaid has emerged as one of the most critical contributors to financial technology’s evolution —...
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Robinhood launches no-fee checking/savings with Mastercard & the most ATMs
Robinhood is undercutting the big banks by forgoing brick-and-mortar branches with its new zero-fee checking and savings account features. With no overdraft or monthly fees, a juicy 3 percent interest...
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Robinhood lacked proper insurance so will change checking & savings feature
Robinhood will rename and revamp its upcoming checking and banking features after encountering problems with its insurance. The company published a blog post this evening explaining “We plan to work...
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Trading app Robinhood is stealthily recruiting ahead of planned UK launch
Robinhood, the U.S.-based “zero-fee” stock-trading app and cryptocurrency exchange, is stealthily recruiting for a new London office ahead of plans to eventually launch in the U.K., TechCrunch has...
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EToro bringing crypto trading and wallet to the US
The social investing and trading platform eToro announced that it will finally be launching its platform in the U.S. The platform, which already operates in more than 140 countries, will be available...
View ArticleSusa Ventures, a young VC firm with some high-flying bets, just closed on...
Susa Ventures, a six-year-old, San Francisco-based, seed-stage venture firm, has closed on two new funds, a $90 million early-stage fund — its third flagship fund — along with its first opportunity...
View ArticleFree stock trading app Robinhood raises $323M at $7.6B valuation
Robinhood, the popular free stock trading app, this morning announced a massive $323 million round led by DST Global. The Series E financing values the Menlo Park-headquartered business at $7.6...
View ArticleEmbedded finance, or why fintech mega VC rounds have become so common
Another day, another monster fintech venture round. This morning, it was personalized banking app MoneyLion, which raised $100 million at a near unicorn valuation. Last week, it was N26, which raised...
View ArticleRobinhood stored passwords in plaintext, so change yours now
Investment and stock trading app Robinhood stored some user credentials, including passwords, in plaintext on internal systems, the company revealed today. This particularly dangerous security misstep...
View ArticleWhy the hell is Robinhood worth $7.6B?
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This was a special week for us because Danny was back in the office,...
View ArticleThe SEC wants disgraced VC Mike Rothenberg to cough up more than $30 million
Nearly three years ago, TechCrunch reported on suspected fraud committed by Mike Rothenberg, a self-described “millennial venture capitalist” who’d made a name for himself not only by eponymously...
View ArticleStock trading app Robinhood gets UK broker license
Robinhood, the Silicon Valley-based stock trading app that was recently valued by investors at $7.6 billion, has received regulatory approval in the U.K., breaking cover on its plans to set up shop in...
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Lookout, Robinhood. E*Trade, Schwab, Ameritrade go zero-fee
The biggest players in online stock trading all just copied Robinhood by removing their fees for stock and ETF trading. Charles Schwab announced yesterday it would drop its $4.95 fee, leading to...
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Stock trading app Robinhood revamps its newsfeed with The Wall Street Journal...
Robinhood may be best known for its free stock trading, but today it’s rolling out a new version of the newsfeed, adding content from Reuters, Barron’s and market coverage from The Wall Street Journal,...
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Robinhood revives checking with new debit card & 2% interest
This time it actually has insurance. Zero-fee stock-trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the...
View ArticleRobinhood has a glitch that’s letting users borrow far more than they should
A glitch in the stock trading app Robinhood is allowing users to trade stocks with excess borrowed funds, and the company doesn’t appear to have found a fix as of this writing. (Story updated on...
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Alpaca nabs $6M for stocks API so anyone can build a Robinhood
Stock trading app Robinhood is valued at $7.6 billion, but it only operates in the U.S. Freshly funded fintech startup Alpaca does the dirty work so developers worldwide can launch their own...
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