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Robinhood raises USD 3.4 billion to cope with customer growth

News | Payments General | 02 Feb 2021

Robinhood has raised USD 3.4 billion to continue to support its record customer growth, including USD 1 billion in funding announced on January 29 2021.

Robinhood, funding, trading, investment, stocks, GameStop, banks, line of credit, equity, public offering, financial literacy, Ribbit Capital

Robinhood forced to raise USD 1 bln from investors

News | Payments General | 29 Jan 2021

The no-fee trading app Robinhood has been strained by the high volume of trading in stocks such as GameStop, prompting the company to seek additional funding.

Robinhood, trading, funding, investment, stocks, GameStop, banks, line of credit, equity, public offering

SoftBank files for a USD 525 mln SPAC IPO

News | Payments General | 24 Dec 2020

An affiliate of SoftBank Group and its Vision Fund has filed to raise USD 525 million in a blank-check company offering.

Softbank, funding, Vision Fund, SPAC, investors, SVF Investment, NASDAQ, stocks

Asian stocks increased by new US-China trade progress

News | E-invoicing, SCF & E-procurement | 01 Sep 2020

Asian stock markets have observed an increase following the US-China progress in trade talks, and as hopes of new coronavirus treatments boosted broader sentiment among global investors.

Asia, stocks, US China trade, US, China, trade, coronavirus, treatment, global investor, MSCI, APAC, Japan, Nikkei, Australia, S&P, ASX, futures, Europe, Euro STOXX, FTSE, Phase 1 trade deal