Free stock trading app Robinhood raises $323M at $7.6B valuation

Robinhood, the popular free stock trading app, this morning announced a massive $323 million round led by DST Global. The Series E financing values the Menlo Park-headquartered business at $7.6 billion, up from its Series D valuation of more than $5 billion. Ribbit Capital, NEA, Sequoia and Thrive Capital have also participated in the round, […]

UK challenger bank Atom raises another £50M from BBVA and more at £530M valuation

Another hopeful among Europe’s so-called challenger banks — startups taking on the big names in consumer banking by targeting niche groups of users with a more modern set of tools to manage users’ money — has raised a sizeable round of funding to expand its business. Atom Bank — which targets mainly millennial-aged consumers (current […]

FTC hits Equifax with fine of up to $700M for 2017 data breach

Credit agency Equifax will pay up to $700 million in fines as part of a settlement with federal authorities over a data breach in 2017. The Federal Trade Commission said in a statement Monday that Equifax has agreed to initially pay at least $575 million in fines as part of the settlement with the federal […]

Plaid introduces Liabilities to create debt-tracking apps, starting with student loans

Plaid has always been about helping developers build financial applications. Up until now that has involved standard checking and savings, and more recently investments. Today, they are introducing a new product called Liabilities endpoint to help developers build applications around debt. For starters, they are taking aim at a big problem in the US, student […]

India’s 30-year-old MyMoneyMantra raises $15M to scale its financial services marketplace

MyMoneyMantra, a 30-year-old New Delhi-based firm that operates a marketplace of financial services, has raised $15 million in its maiden funding round from an external source to expand its offerings and reach in the nation. Dutch investment firm IFSD BV and private equity firm Vaalon Capital funded the $15 million round in MyMoneyMantra, the Indian […]