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Robinhood, a trading platform for equities and digital badets, has announced a $ 323 million Series E, according to a Reuters report.
DST Global, a leading investor in Internet startups, led the roundtable alongside crypto-notables Ribbit Capital and Sequoia.
According to Reuters, the company will direct the capital towards the development of the company and the offer of new financial services.
"We will use the funds to continue our mission of democratization of finance for all," wrote a representative of Robinhood in a statement.
Since it's offering cryptographic badets beginning in January 2018, the Silicon Valley-based startup has deployed a number of cryptographic parts and transaction features. In May, Robinhood launched cryptocurrency transactions in New York for seven badets, including bitcoin and ethereum.
Notably, the company added Ethereum Clbadic one day before August 2010 to Coinbase. It offers bitcoin, Ethereum, Bitcoin Cash, Ethereum Clbadic, Litecoin and Dogecoin cryptographic transactions in 20 states.
Nearly a year ago, in September, Robinhood launched the IPO process. At the time, CEO Baiju Bhatt said, "As a publicly traded company, I also think that it fits very closely with our mission. And it's definitely on the horizon, not in the short term, but it's something we think about. "
The platform has grown in popularity by offering commission-free transactions. He is also looking to add cash management services.
Robinhood's total valuation reached $ 7.6 billion in the last campaign, which was also attended by Thrive Capital and NEA.
Photo of Robinhood app via Shutterstock
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