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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Banking Digital Trust Study from Business Insider - Business InsiderICYMI: THE BANKING DIGITAL TRUST REPORT 2020 –– Business Insider Intelligence identifies how consumers rank the top 10 US banks on security, privacy, reputation, reliability, feature breadth, and ease of use I’m proud PNCBank
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to fix the failed small business loan program - Business InsiderOpinion | Congress' small business loan program failed those who needed it most. Here's how to fix it. By lexir, Megan Niedermeyer, and Jeanette Quick of GustoHQ lexir GustoHQ It was designed to fail or in the alternative it was a scam
Source: BusinessInsider - 🏆 729. / 51 Read more »
Self-love toys and lingerie: online demand soars during lockdown in UK - Business InsiderSelf-love toys and luxury lingerie: Data shows what UK online shoppers are buying during social distancing and a love lockdown self love = masturbation 🤔 Oh My! Naughty! Love thyself! It’s a commandment!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Airbus Voom subsidiary closes amid COVID-19 pandemic; history - Business InsiderWhile the business couldn't continue operating amid the COVID-19 pandemic, the knowledge acquired during its tenure will help grow urban air mobility, its CEO says. Ain’t no pandemic, they took there money out of the stock market, y’all rather kill theses people because their is nothing hear 👂🏾 for them! Y’all are trying to make it a socialist and communist country! 🤔
Source: BusinessInsider - 🏆 729. / 51 Read more »
VCs sound off on how restrained funding could affect female founders - Business InsiderWary VCs are pulling back into their close circles of trust. That's bad news for women founders and other long-excluded entrepreneurs, one study finds.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US issues new guidance for small business loans, pressures public companies to return fundsThe update comes after a public furor that large companies tapped the facility for hundreds of millions of dollars while thousands of small businesses have yet to receive funding. Chuckle. Yea, now that they got caught doing otherwise. Congress members will get rich through this government control
Source: CNBC - 🏆 12. / 72 Read more »