Alpaca nabs $6M for stocks API so anyone can build a Robinhood

Alpaca nabs $6M for stocks API so anyone can build a Robinhood

Stock trading app Robinhood is valued at $7.6 billion, but it only operates in the US. Freshly-funded fintech startup Alpaca does the dirty work so developers worldwide can launch their own competitors to that investing unicorn. Like the Stripe of stocks, Alpaca’s API handles the banking, security, and regulatory complexity, Read more…

Robinhood Debit Card

Robinhood revives checking with new debit card & 2% interest

This time it actually has insurance. Zero-fee stock trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the ability to spend it through a special Mastercard debit card. The waitlist opens today in the US with Read more…

Robinhood newsfeed

Stock trading app Robinhood revamps its newsfeed with The Wall Street Journal and ad-free videos

Robinhood may be best known its free stock trading, but today it’s rolling out a new version of the newsfeed, adding content from Reuters, Barron’s and market coverage from The Wall Street Journal, with no paywall or additional charge. In addition, Robinhood is introducing video into the newsfeed, with ad-free videos Read more…

The SEC wants disgraced VC Mike Rothenberg to cough up more than $30 million

The SEC wants disgraced VC Mike Rothenberg to cough up more than $30 million

Nearly three years ago, TechCrunch reported on suspected fraud committed by Mike Rothenberg, a self-described “millennial venture capitalist” who’d made a name for himself not only by eponymously branding his venture firm but for spending lavishly to woo startup founders, including on Napa Valley wine tours, at luxury boxes at Read more…

Embedded finance, or why fintech mega VC rounds have become so common

Embedded finance, or why fintech mega VC rounds have become so common

How dozens of fintech companies finally found the formula for profits Another day, another monster fintech venture round. This morning, it was personalized banking app MoneyLion, which raised $100 million at a near unicorn valuation. Last week, it was N26, which raised another $170 million on top of its $300 Read more…