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Technology

Berlin’s Trade Republic nabs $900M led by Sequoia at a $5B valuation to take its neo-broker app across Europe – 98bmp

Consumers are moving into investing to complement — or in some cases, offset — less good returns from things like traditional savings accounts with low interest rates or pensions, and today one of the bigger “neo-brokers” in Europe helping to open up that opportunity is announcing a monster round of funding to fuel its growth. Trade Republic, which lets people buy and sell shares, exchange-traded funds (ETFs), derivatives and most […]

todayMay 20, 2021 2

Technology

Bibit raises another growth round led by Sequoia Capital India, this time for $65M – 98bmp

Four months after leading a $30 million growth round in Bibit, Sequoia Capital India has doubled down on its investment in the Indonesian robo-advisor app. Bibit announced today that the firm led a new $65 million growth round that also included participation from Prosus Ventures, Tencent, Harvard Management Company and returning investors AC Ventures and East Ventures. This brings Bibit’s total funding to $110 million, including a Series A announced […]

todayMay 3, 2021 3

Technology

Robo-advisor StashAway gets $25M Series D led by Sequoia Capital India – 98bmp

Investment app StashAway has raised a $25 million Series D led by Sequoia Capital India, with participation from returning investors Eight Roads Ventures and Square Peg. After regulatory approvals for the funding are completed, Sequoia Capital India managing director Abheek Anand will join StashAway’s board of directors as part of the round. StashAway does not disclose how many investors use its robo-advisor app, but it surpassed $1 billion assets under […]

todayApril 25, 2021 2

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