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Robinhood

Apr. 19, 2019

Announcements & Releases for April 19, 2019

Ally Financial Teams Up With Better.com to Create End-to-End Digital Mortgage Experience Bankin’ Raises €20M in Series B Funding As...
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Mar. 11, 2020

Robinhood Maxed Out $200mn Line of Credit

Digital wealth management fintech Robinhood has made the news for all the wrong reasons lately as they have been suffering...
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Aug. 4, 2020

Robinhood’s Revenue Doubles in Q2 to $180M

According to a regulatory filing Robinhood’s second quarter revenue came in at $180 million, nearly double the $91 million it...
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Jan. 25, 2018

Robinhood Introduces Crypto Trading

Starting in February, Robinhood will allow users to buy and sell bitcoin and ethereum without any additional fees; they will compete directly with Coinbase who charge 1.5 - 4% in fees; users will also be able to track prices, news and set alerts on many top cryptocurrencies; the company plans to operate this part of the business on a break-even basis. Source

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Feb. 21, 2020

America’s Ten Most Valuable Fintech Startups

ValueWalk has analyzed the recent CB Insights report on fintech funding as well as the Forbes 50 report on the...
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Jun. 4, 2020

Webull Prepares String of Product Launches to Compete with Robinhood

The volatility in the stock markets has put stock trading apps at the forefront of fintech in recent months; Robinhood...
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Mar. 16, 2018

Robinhood Looks to be Valued at $5.6bn

The Wall Street Journal reports a new fundraising round led by DST Global will value the company at more than $5bn; the last valuation was about $1.3bn in 2017; popularity in the app has since jumped when it expanded to include cryptocurrencies bitcoin, ethereum and litecoin; since launching they have reached more than 4 million users and the new valuation will put them in the top 15 of highest valued private tech companies in the U.S. Source.

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Jul. 10, 2020

SoFi Applies for a National Bank Charter

Leading fintech platform, SoFi, has applied for a national bank charter with the OCC; unlike back in 2017 when they...
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Mar. 20, 2020

Robinhood Faces Uncertain Future with Lawsuits and Potential Regulatory Action

Robinhood has been one of the hottest startups in fintech but the firm has run into a number of issues...
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Mar. 24, 2020

Robinhood States Engineering Issues are Resolved

Over the past few weeks Robinhood has been in the news multiple times as their platform failed to hold up...
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