Robinhood Raises $50 Million and Reveals Plans for Expansion
Robinhood, dedicated to providing free access to the financial markets, has announced a $50 million round of funding led by New Enterprise Associates (NEA).
Existing investors Index Ventures, Ribbit Capital and Social Leverage joined the round, along with new investor Vaizra Investments, bringing total funding to date to $66 million.
According to the company, this new capital will enable them to grow their team and support more platforms and brokerage features as well as will fuel international expansion.
Company announced Australia as first international market.
Source: Robinhood
