Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report

Uncategorized

By CCN: Who says millennials don’t like to save and invest their money? By building a commission-free stock brokerage and trading app with a slick interface, Robinhood has built a $7 billion business in just six years. That’s the company’s valuation as it nears a $200 million funding round from its current financial backers, Bloomberg reports. The investment round is still unfolding and once complete could reportedly result in Robinhood fetching a valuation as high as $10 billion. Robinhood closed its most recent funding round last year at which time a $5.6 billion valuation was attached. The stock trading app

The post Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report appeared first on CCN

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.