SA国际传媒

Unless you were some hotshot finance person in the 1980s, you probably only recently started using your mobile phone to place trades. Unlike in the 1987 film, Wall Street, you don鈥檛 need to up to your head to talk to a down-and-out stockbroker willing to claw their way to the top. (Spoiler alert.)

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Today your broker is probably an API which wears a user interface to work in a mobile app to do your bidding. Finance is still all handshakes and signatures, but now they鈥檙e between server and client and sealed cryptographically.

makes one of these apps. Based in San Francisco, the company is among the leading contenders looking to unseat established online brokerages by offering commission fee-free trading, asset classes including options and cryptocurrencies, and other features largely aimed at new investors.

In posted to the company鈥檚 blog, Robinhood announced it has raised , valuing the company at $7.6 billion, post-money. That valuation is upward of 36 percent higher than the company secured announced in May 2018.

Including this round, Robinhood has raised since it was founded in 2013, according to SA国际传媒 data.

led the Series E financing as a returning investor; the firm, founded by Russian tech billionaire , led both and Series D rounds. The company said that , , , and participated in the funding round.

Since its last round a little over a year ago, Robinhood says it鈥檚 made significant business progress. The upstart exchange platform rolled out its own clearing platform, launched a premium subscription offering with enriched market data provided by Nasdaq, and introduced multi-leg options strategies to its users. In March, (now 鈥淩obinhood Snacks鈥�) to start its own in-house financial news publication.

鈥淲e鈥檒l use the funding to keep pursuing our mission of democratizing finance for all,鈥� the company said.

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