CNBC has released their 7th annual version of the CNBC Disrupter 50 which consists of startups who have exploited niches...
Robinhood has quickly become one of the hottest fintechs in the world during the pandemic as they added more than...
Robinhood has announced details of its latest funding round which raised $110 million for the firm giving it fintech unicorn status with a valuation of $1.3 billion; investors in the Series C funding round included DST Global, NEA, Index Ventures, Ribbit Capital, Thrive Capital and Greenoaks Capital; the firm also announced that it now has over two million users; the firm says: "Our two million users have transacted over $50 billion and saved nearly half a billion dollars in commission fees. Robinhood Gold, our margin and extended hours service, is also experiencing significant growth, with signups surging 17% month over month."; the firm plans to use funds from the Series C funding round for expansion of the platform's products and services. Source
Last year we saw continued interest in a broad array of fintech companies. Recently the fintech space has become more...
In this conversation, we chat with Paul Rowady is the Founder and Director of Research for Alphacution Research Conservatory and a 30-year veteran of proprietary, hedge fund and capital markets research, trading and risk advisory initiatives. Alphacution is a digitally-oriented research and strategic advisory platform focused on modeling and benchmarking the impacts of technology on global financial markets and the businesses of trading, asset management and banking. This data-driven approach allows Alphacution to reverse-engineer the operational dynamics of these market actors to showcase the most vivid and impactful themes among the field of available research providers and platforms.
One of the hottest fintechs has received another monster round of funding; Robinhood raised an additional $320mn to boost their...
In this Forbes op-ed Ron Shelvin shares his thoughts on how the Robinhood checking account was doomed to fail; besides...
Well this morning started out as a bit of a bummer! See -- Charles Schwab to buy TD Ameritrade in a $26 billion all-stock deal. The $55 billion market cap Schwab is gobbling up the $22 billion TD Ameritrade at a slight premium. Matt Levine of Bloomberg has a great, cynical take on the question: Schwab lowering its trading commissions to zero is actually what wiped out $4 billion off TD's marketcap a few months ago. For Schwab, the revenue loss from trading was 7% of total, while for TD it was over 20%. Once Schwab dropped prices, TD started trading at a discount and became an acquisition target. You can see the share price drops reflected below in the beginning of October.
Leading fintech platform, SoFi, has applied for a national bank charter with the OCC; unlike back in 2017 when they...
Yesterday it was widely reported that Robinhood was having an outage as the market rebounded; today the company reported continued...