Robinhood Raises Cool $660M in Extended Funding Round

The stock and crypto trading app has added a further $460 million in the last closings of its new funding round. Retail traders have been flocking to trade stocks and cryptocurrencies on the popular app Robinhood — and it shows in the company’s latest Series G funding round.On Sept. 23, a spokeswoman for Robinhood Markets Inc. disclosed that the fintech has increased its latest funding round to $660 million, at a company valuation of $11.7 billion.The fresh funding is an extension of a Series G round first announced in August, when D1 Capital Partners invested $200 million in Robinhood.New....

Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation of $1.65 billion with this fund injection, reaching well above unicorn status. Optimism Gets Backing to Keep Growing Optimism, a solution that allows for transacting on Ethereum with low fees, has scored a $150 million investment in its Series B funding....

Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that Moonpay provides is key to several hundred wallets and services for onboarding users with fiat currency. Moonpay Snags $3.4 Billion Valuation Moonpay, a startup that specializes in processing payments to purchase cryptocurrencies, has raised $555 million in its first financing round. The....

Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after the fintech startup Chipper Cash was able to raise $100 million in the first Series C funding round. Besides FTX, other investors that participated in Chipper Cash’s latest funding round include SVB Capital, which led....

NFT marketplace Rarible announces it has raised $14.2 million in a Series A funding round. The company, founded just last year, plans to use the funding for advancing their goal of making NFTs more mainstream. Behind the Series A funding round were names like Coinfund, Venrock, and 01 Advisors. Rarible is an NFT marketplace that […]