Institutional Investment & Trading

Free stock trading platform Robinhood has reportedly closed a $350m new round of funding which values the company at $5.6bn.

Lumina, a digital assets prime dealer and financial platform, has secured $4m in its seed round.

Financial trading affiliate Investoo Group has secured £7.5m in credit funding to help fund further acquisitions.

Compliance Solutions Strategies (CSS) has expanded its collaboration with legal firm aosphere to integrate the latter’s market data services with CSS’ investment monitoring platform.

Trumid, an electronic trading platform for corporate bonds, has picked up a $53m growth investment.

BlackFin Capital Partners, a private equity and venture capital firm focusing on financial services, has closed its Tech 2 fund at €350m.

FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the sector that topped up their accounts last week are proof of that.

Cleareye.ai, a pioneer in digital trade finance, recently declared a significant investment from J.P. Morgan's Trade and Working Capital group. The fund is aimed at expanding Cleareye.ai's digital reach in the trade finance industry.

UK neobank Revolut has announced that its standard, Premium and Metal customers can now access silver through the Revolut app.

Mobile and online trading platform TigerWit has secured a $5m investment from Susquehanna International Group.