Robinhood popularity takes a hit after meme stock fad fades

Robinhood popularity takes a hit after meme stock fad fades

Activity on stock trading app Robinhood plunged during the third quarter of this year, a development that may be connected to the end of the meme stock fad.

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Revolut to roll out stock trading for US customers

Revolut to roll out stock trading for US customers

Revolut, the U.K.-based challenger bank with a global footprint, will roll out commission-free stock trading capabilities for U.S. customers in an effort to compete with the likes of Robinhood, Public, and SoFi.

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AI-supported asset manager Pagaya to go public via merger with SPAC

AI-supported asset manager Pagaya to go public via merger with SPAC

Pagaya, an American and Israeli fintech firm that uses artificial intelligence (AI) to manage institutional money, is going public through a merger with special purpose acquisition company EJF Acquisition Corp.

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Money transfer firm Wise launches index investing feature in beta

Money transfer firm Wise launches index investing feature in beta

Money transfer giant Wise (formerly TransferWise) – which went public in July and boasts a market capitalization of more than $14B – is expanding its wings beyond payments and testing investing products for its U.K. customers.

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Acorns reaches out to veterans to kick off underserved customer strategy

Acorns reaches out to veterans to kick off underserved customer strategy

Banking and investing app Acorns is waiving subscription fees for veterans in an effort to reach more underserved customers.

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Human Interest rides a pandemic wave of interest in small-business 401(k)s

Human Interest rides a pandemic wave of interest in small-business 401(k)s

Human Interest, a San Francisco-based startup 401(k) provider, claims to “launch a retirement plan in minutes and put it on autopilot.”

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Robinhood shares surge as investors give it ‘meme stock’ status

Robinhood shares surge as investors give it ‘meme stock’ status

Shares of trading app Robinhood, which gained notoriety earlier this year by enabling retail investors to pump up so-called meme stocks including Gamestop and AMC Entertainment, are surging a few days into its launch on the Nasdaq.

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M1 Finance launches credit card with up to 10% cash back

M1 Finance launches credit card with up to 10% cash back

M1 Finance, a Chicago-based financial app that includes investing, lending, and banking, launched an Owner’s Rewards Card that offers up to 10% cash back for users when they shop at select companies whose stock they own.

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Robinhood seeks $35B valuation in upcoming IPO

Robinhood seeks $35B valuation in upcoming IPO

Trading app Robinhood is reportedly seeking to raise $2.3B in an upcoming initial public offering (IPO).

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Vanguard acquires startup Just Invest in bid to grow toolset for advisers

Vanguard acquires startup Just Invest in bid to grow toolset for advisers

Pennsylvania-based investment behemoth Vanguard, which is the world’s second-largest asset manager, is buying Just Invest, a 5-year-old startup whose technology helps advisers customize portfolios.

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JPMorgan Chase to acquire startup OpenInvest to enhance ESG capabilities

JPMorgan Chase to acquire startup OpenInvest to enhance ESG capabilities

In its third fintech acquisition of the year, JPMorgan Chase announced plans to acquire OpenInvest, an Andreessen Horowitz-backed startup founded by former Bridgewater Associates employees.

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Investing app Stash expands education push with PayGrade acquisition

Investing app Stash expands education push with PayGrade acquisition

Stash, a digital investing app that’s expanded to a full complement of financial product offerings including banking and financial wellness and savings tools, has acquired PayGrade, a financial literacy platform aimed at school-age kids.

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JPMorgan buys digital wealth app Nutmeg as it preps UK launch

JPMorgan buys digital wealth app Nutmeg as it preps UK launch

JPMorgan Chase has acquired U.K. robo-adviser Nutmeg as it prepares to launch a digital banking offering in Britain later this year.

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Market intelligence platform Atom Finance is betting on Brazil

Market intelligence platform Atom Finance is betting on Brazil

As Robinhood and GameStop debacles this year put a spotlight on the growing number of retail investors, New York-based Atom Finance aims to offer a suite of research tools comparable to a Bloomberg terminal at a more affordable price point.

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Acorns is going public through $2B SPAC deal

Acorns is going public through $2B SPAC deal

Acorns, the California-based personal finance app that launched in 2014, is going public through a merger with Pioneer Merger Corp., a special-purpose acquisition company (SPAC) affiliated with hedge funds Falcon Edge Capital and Patriot Global Management.

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