Robinhood closes in on $250 million funding round as demand for digital investment spikes - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Robinhood was able to secure funding despite the economic slowdown due to increased consumer interest in digital investment platforms

The new funding round is being led by returning investor Sequoia Capital and follows the $900 million already raised by the company to date. At least some of the fresh capital will most likely finance addressing the infrastructure-related issues with the app that led to three in early March and caused outrage among users who were temporarily unable to make trades.

There has been a surge in consumer use of digital investment platforms during the pandemic. Mobile trading apps are experiencing a considerable spike in demand amid the increased market volatility. For example, Freetrade saw a jump in new accounts being opened on March 20 compared with the average of the weeks before, and Stake reported that trading volumes were up 52% through March and April versus January and February.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Mnuchin, Pelosi say 'very close' to a deal on second round of small business loansThe $349 billion rescue loan program ran out of money on Thursday, just two weeks after it was launched to help small businesses struggling with the financial hit of the coronavirus pandemic. He need inflate market for You Friends , whonis your friend? Jo Morgan Let do this! Help!
La source: CNBC - 🏆 12. / 72 Lire la suite »

How a couple turned their side hustle into a million-dollar business - Business InsiderStacey and Paul Martino used online marketing to draw in potential clients who were struggling with divorce and other relationship issues. Florida's beaches allowed to open at local leaders' discretion. Department of Health has reported more than 25,000 coronavirus cases and 740 deaths.COVID19
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Oil plummets 21% to 21-year low as sinking demand spurs uncertainty around storage - Business InsiderOil has continued to tumble following OPEC's record-breaking production cut as the coronavirus outbreak craters demand. DomingoDeMercados jorgearturosaza CsarCasas jhontxu mvalenciamayor Palacios_Andres feraagra Esta Semana inicia con históricos!!
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Sports startup CEO on cutting costs, preserving funds to avoid layoffs - Business InsiderFantasy Life CEO Yasin Abbak is focused on keeping costs down and avoiding business distractions until live sports pick back up again. How PrinceCharles predicted that We have very shot time' to save humanity before coronavirus enters...COVIDー19 ClimateChange
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Airbnb employees chipped in $1 million to help hosts - Business InsiderAirbnb employees chipped in $1 million from their own pockets to help economically devastated hosts, and that says something beautiful, and scary Wow, these guys are impressively devoted to their business So nice when people have the passion and courage to save a drowning situation for the better helping to stay afloat those involved and in positive need Small carrot now that they’ve beaten the rental market with a stick.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »