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Finance Financial Services FinTech North America Social Stock Exchanges

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

–, 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.
– 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’s pie.

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