Robinhood Financial LLC is set to be valued at about $5.6 billion in a new funding round, according to people familiar with the matter, a fourfold increase in just one year that reflects the stock-trading app’s soaring popularity among millennials. The Silicon Valley startup is in the final stages of securing around $350 million from a group of investors led by Russian firm DST Global, according to the people familiar with the fundraising. ...
Free stock - trading app Robinhood Markets will be valued at $ 5.6bn in a funding round , according to sources . The valuation is a fourfold increase in just a year and puts the firm among the 15 highest - valued private tech companies in the US . Robinhood is said to be in the final stages of raising about $ 350 m from a group of investors led by Russian company DST Global . Robinhood has attracted four million users by offering free stock trades . It makes money through selling premium service subscriptions , charging interest on its own , and selling free trades to market makers .