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Robinhood backer Tiger Global leads $200m investment in rival

February 16, 2021

Business Insider reported the round, which is still not officially confirmed and still in the swings of finalising. It will likely hurtle to a $1.2 billion post-money valuation. That’s quadruple what its valuation has sat at these past two months.’s management might consider raising even more capital, Business Insider’s sources claim.

The fintech’s December 2020 Series C attracted a significantly lesser $65 million in investments. Existing investor Accel, which led this round, is also understood to be part of’s mega $200 million round.

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