Stock market brokerage platform Robinhood has launched a new platform offering research and discovery tools.
Launched in 2015, Robinhood enables users to invest in US stocks and ETFs, commission-free. The platform also helps investors to learn about the stock market and how to invest in it, with personalised feeds to help keep track of favourite companies.
Robinhood Gold allows for margin and extended hours trading, for an extra $10 a month.
The new solution, Robinhood Web, has a range of new features exclusive to the web including analyst ratings, a tool to see the average share price people have paid, investment collections and EPS review. Users are also able to see what stocks other users have been investing in and a news feed.
Robinhood co-CEO Baiju Bhatt said, “We aim to make financial services available to everyday Americans and help investors make well-informed financial decisions. “Robinhood for Web is our first product addressing that second goal. By combining sophisticated machine learning and user-research, we can provide our customers with unique tools featuring our proprietary Robinhood data, presented with the same polish and design people have come to expect from us.”
Earlier in the year the company received a $110m investment round which valued the company at $1.3bn. The funding was led by DST Global, and saw a range of other participants including Thrive Capital, Greenoaks Capital and Index Ventures, among others. The capital was raised to support the development of its product and growth into new global markets.
Last month stock trading platform BUX closed its Series C funding round on €10.6m. The investment was led by HV Holtzbrinck Ventures, who were joined by Velocity Capital, former Booking.com CMO Arthur Kosten and BinckBank co-founder Thierry Schaap.
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