Fintech-company Robinhood Markets Inc., which is the mobile application for trading stocks and cryptocurrency Robinhood, may soon close another round of financing, in which its investment valuation will exceed $ 7 billion, reports The Information , citing informed sources.
It is noteworthy that the Robinhood is allegedly in talks about another round of financing, after which the company's capitalization will reach $ 10 billion.
Last spring, the Robinhood raised $ 363 million from DST Global, Iconiq, Capital G, Sequoia Capital, KPCB, NEA and Thrive Capital.
Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin and Ethereum Classic are available for offer users.
In January of this year, the Robinhood received BitLicense – a license to work with virtual currencies from the Financial Services Authority of New York (NYDFS), and the official launch of work on the state took place on May 23.
Start spreading the news, Robinhood Crypto is officially in New York now. Trade Bitcoin, Ethereum, and New York State. https://t.co/HGyvW8NUk9 pic.twitter.com/K2XfXZukXO
– Robinhood (@RobinhoodApp) May 23, 2019
Recall that in 2017 Robinhood was estimated at only $ 1.3 billion. Nevertheless, the introduction of cryptocurrency accelerated the growth of the user base and fueled interest from venture investors.
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