The Stock and Crypto Investing App, Robinhood is seeking to raise around $200 million USD of new funding round.
This was revealed by existing investors that asked not the be identified as they don’t have the official capacity to speak on behalf of the company.
With this new funding round the value of the company could be assessed at around $7 to $8 billion, with some pundits speculating could reach as high as $10 billion.
The California-based startup raised funds at a $5.6 billion valuation.
Robinhood is seed to be growing at a rapid pace buoyed by its premise of no fees for stock and cryptocurrency trading.
With 4 million users already using their application there is no sign that the company and slowing down.
Headlines for the world of Cryptocurrencies - May 25, 2019
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Headlines for the world of Cryptocurrencies - May 24, 2019
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Headlines for the world of Cryptocurrencies - May 23, 2019
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- Consensus 2019 Highlights
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- Crypto Wallet Integrates With Apple Pay And Soon Google Play
