Robinhood launches… UK waiting list
It is approaching a year since TechCrunch broke news that Robinhood was stealthily recruiting for a London office ahead of plans to expand to the U.K. And in August the U.S.-based company, which...
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Atom Finance’s free Bloomberg Terminal rival raises $12M
If you want to win on Wall Street, Yahoo Finance is insufficient but Bloomberg Terminal costs a whopping $24,000 per year. That’s why Atom Finance built a free tool designed to democratize access to...
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Robinhood lets you invest as little as 1 cent in any stock
One share of Amazon stock costs more than $1,700, locking out less-wealthy investors. So to continue its quest to democratize stock trading, Robinhood is launching fractional share trading this week....
View ArticleTrading app Public drops payment for order flow in favor of tips
Soon all tech news will be fintech news, all fintech news will be trading platform news and all trading platform news will concern the business mechanics of such services. So, after looking into...
View ArticleA lake house architect, a Miami VC and a homeowner walk into a wine bar
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the...
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How the GameStop stonkathon helped Robinhood raise $3.4B last week
Robinhood has shown an impressive ability to raise enormous amounts of capital in the past few weeks to ensure it has the funds needed to allow users to trade and, presumably, provide it with enough...
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Reddit raises $250 million in Series E funding
Reddit has raised a new funding round, totaling $250 million. This is the company’s Series E round of financing, and it comes hot on the heels of renewed public attention on the site that has dubbed...
View ArticleInvestor Alexa von Tobel on the biggest driver of social media-fueled stock...
Alexa von Tobel has always felt strongly that too many people are shut out of the stock market. She felt this as a 23-year-old who didn’t have $5,000 to open a brokerage account. She felt it while...
View ArticleRobinhood’s pain is Public’s gain as VCs rush to give it more money
Public.com, a social-focused free stock trading service, is nearing the close of a Series D just two months after raising a $65 million Series C, sources familiar with the matter told TechCrunch....
View ArticleThere is infinite money for stock-trading startups
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want...
View ArticleAs expected, stock trading service Public raises $220M at unicorn valuation
The day before Robinhood goes under the the Congressional hammer, domestic rival Public.com announced this morning that it has closed a $220 million funding round at a $1.2 billion valuation. News of...
View ArticleRobinhood goes to Congress
Update: There’s an entire second session of this? My lord. Update two: The hearing went on and on — it continues as I write to you! — but something did come out that was worth sharing. Namely that...
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A fraction of Robinhood’s users are driving its runaway growth
Yesterday’s House Financial Services Committee hearing about GameStop and Robinhood wasn’t great. Reuters has a good summary of one its few interesting bits, a scrap between the elected inquisitors and...
View ArticleCan data fix healthcare?
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want...
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As Coinbase looks to list, Robinhood rides the crypto boom
The impending Coinbase direct listing is a fintech debut to watch. The cryptocurrency-focused consumer trading concern is set to become a public company on the back of a strong 2020, and a particularly...
View ArticleM1 Finance raises another rapid-fire round after scaling its AUM to more than...
Months after raising a Series C worth $45 million, Chicago-based M1 Finance announced a new round of capital today. A Series D, the new $75 million investment was led by Coatue, with two prior...
View ArticleTrading platform eToro to go public via SPAC merger in $10B deal
Multi-asset investing and trading platform and Robinhood competitor eToro announced Tuesday it will go public via a merger with SPAC FinTech Acquisition Corp. V in a massive $10.4 billion deal. Once...
View ArticleThe Robinhood competitor landscape intensifies as Invstr raises $20M
One of the biggest gripes about investing apps is that they are not acting responsibly by not educating users properly and allegedly letting them fend for themselves. This can result in people losing a...
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What eToro’s investor presentation and $10B valuation tells us about Robinhood
Amid all the news of the last few days, you might have missed that eToro, an Israeli consumer stock-trading service, is going public in the United States via a SPAC. Don’t worry about the SPAC bit: If...
View ArticleForget medicine, in the future you might get prescribed apps
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the...
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