U.S.-based financial services company, Robinhood Markets has its unlisted stocks accessible on the MInance Private Market.
Headquartered in California, Robinhood Markets is a website and mobile application, making investing simpler for its users. It offers the ability to invest in stocks, gold, options, U.S. exchange-listed stocks and ETFs, American Depository Receipts (ADRs) on more than 250 globally-listed companies through Robinhood Financial, along with cryptocurrency trading such as Bitcoin and Ethereum through Robinhood Crypto application.
Robinhood has become a pioneer in providing commission-free investing opportunities to its customers and follows a unique business model to keep its unlisted shares at the top in the market. It does not have any minimum limit on the investment amount, creates a balanced portfolio to minimize risk and keeps it diversified, and allows the user to trade on a real-time basis. The aim is to make investing in financial markets easier and affordable and simultaneously gaining knowledge about the market.
Robinhood makes revenue by charging Gold membership fees, rebates from market makers and trading avenues, and stock loans. The company’s commission-free model has led Robinhood to emerge as a major player in the fintech industry and attain more value to its unlisted stocks.
Its main focus lies on developing proprietary software applications and creating a user-friendly interface, which can be tailored to meet the specific requirements of investment and trading in several areas.
Due to its increased demand, Robinhood raised $323 million in its Series E funding round and was valued at $7.6 billion in July 2019. Furthermore, it raised another $50 million in October 2019, making its total funding till 2019 reach $912 million, huge funding for Robinhood’s unlisted stocks. Some of its investors include Sequoia Capital, Ribbit Capital, DST Global, and many more.
To expand its business, Robinhood closed its Series F funding round with a total investment amount of $280 million at the beginning of 2020. As of today, the total valuation of Robinhood Markets stands at $8.3 billion, making its unlisted stocks a golden opportunity to invest.