Tag: Robinhood

London-based Codat has raised $10m in new funding from Robinhood backer Index Ventures, an investment that it says could benefit banks busy bashing out...

Share trading app Robinhood suffered a massive backlash in March when it suffered two major service outages just as COVID-19 was wreaking havoc on the markets. Now some users complain that it has happened again.

COVID-19 has plunged financial markets into chaos, but the pandemic also represents both challenges and opportunities for FinTech companies as they adjust to a whole new reality.

From challenger banks to stock trading apps, the last week has seen a smattering of both massive funding rounds and smaller seed investments.

Investment in the sector is expected to slow down for the remainder of the year as the momentum from record H2 2019 wears off

Stock trading app Robinhood has secured $280m in new funding after a year mired by service outages, software bugs and cancelled banking plans.

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.

Last week Robinhood faced outrage from its users after they had been unable to tap into their accounts on one of the busiest trading days this year. Now it has happened again.

Robinhood, the commission-free stock-trading app, suffered a service outage earlier this week that left customers furious. However, experts believe users’ threats to take legal action will be difficult to follow up.

Robinhood’s founders have apologised for its users being unable to tap into their accounts. But angry users snapped back that it's too little, too late to say sorry.