Robinhood’s pain is Public’s gain as VCs rush to give it more money

12 Feb, 2021

Robinhood’s pain is Public’s gain as VCs rush to give it more money
Photo by Mak on Unsplash

– Public.com, a social-focused free stock trading service, is nearing the close of a Series D just two months after raising a $65 million Series C.
– The company competes with Robinhood, M1 Finance and other American fintech companies that offer consumers a way to invest in equities with low or zero fees.
– Public.com apparently got a flurry of investor interest over the past couple of weeks after Robinhood found itself in hot water and essentially raised $3.4 billion in a matter of days to help get itself out of a mess.
– That new capital came at a challenging time for the unicorn, which could pursue an IPO this year. And some investors reportedly want a piece of rival Public.com’s pie.

Finance Financial Services FinTech North America Social Stock Exchanges
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