There is infinite money for stock-trading startups – TechCrunch

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ready? Let’s talk money, startup and spicy IPO rumors.

TechCrunch Earlier This Week Gave news She was in the process of raising more money in public, a consumer stock trading service. business Insider Quickly filled in the details Around this time, that could be around $ 200 million at a valuation of $ 1.2 billion. Tiger can move forward.

The public wants to be anti-Robinhood. with Focus on social, And a Recently gone away From generating payments for Order Flow (PFOF) revenue to running Robinhood’s business model and attracting criticism, Public has run its bets. And investors, in view of their rival’s troubles, are ready to make it a unicorn.

Of course, public comes on the heels of the round Robinhood’s epic raise $ 3.4 billion, A deal that was shocking for both its scale and speed. Investors of the trading service applied to ensure that its capital was necessary to continue supporting consumer capital. Thanks for Robinhood Strong Q4 2020 Results, And Development inherent in Q1 2021Investment was encouraged.

As is the public’s money, provided that 1) the company is seeing a lot of user growth, and 2) that it traces its business model in time. We cannot comment on the second one, but we can say a little bit about the first point.

Thanks to the public, not really, but M1 Finance, a Midwest-based consumer fintech that has the function of buying stocks (more on this, among other services) Here) is. It told TechCrunch that it saw a quadruple of signups in January compared to December. And in the last two weeks, it has seen six times as the first two weeks.

Given that M1 does not allow trading – something that its team repeatedly emphasizes in TechCrunch’s notes – we can’t draw a perfect line between M1 and Public and Robinhood, but we guessed it It is likely that the consumer is interested in investing late. Which helps explain how the public, which is hunting to generate long-term income, may raise another round just a few months after closing a separate investment.

Our Last year’s notes Last year how new savings and investments accidentally became even more true.

Market notes

As the week came to a close, Koupung filed to go public. You can read our first look Here, But this is going to be big news. Also on the IPO beat, Matterport is Going out via a SPAC, I Conversed with Metromile CEO Dan Preston This week about its insurer public offering that came through SPAC, etc.

Oscar Health filed, and it Don’t look super strong. So this Imminent assessment The public is going to test traders. This is not a problem Bumble had Over price range this week And then skyrocketed after the start of business. Natasha and I (she) On equityAs well) there are some notes from Bumble CEO Whitney Wolfe Hard that we’ll get to you early next week. (Also I had a few conversations with the BBC about the IPO, which was neat, the first of which you can See here if you wish.)

Robox’s imminent public debut this week was also in the news. Company was a bit bigger than this Thought last year (cool), but Its direct listing may be delayed until March (not quiet).

Near the IPO beat, Carta started allowing its own shares to trade recently, behind the news that it had revenue Raised to about $ 150 million. Not a bad Carta, but how about an actual IPO instead of staying private? Company valuation More than double During secondary infection.

And then there were a lot of cool venture capital rounds that I didn’t get to this week. this Koya Fitness Round, for example. And Whatever it is Slync.io News. (If you want some first stage items, check out the recent rounds From tranita, Level, raise up And Monte carlo.

And to turn off, a small callout to Ontic, which provides “protective intelligence software” and said Its revenue grew 177% last year.. I appreciate the sharing of numbers, so wanted to highlight the figure.

Various and varied

Wrapping up this week, I have one final bit to chew on from Mark Madder, CEO of SmartMadit – a public company. Pre startup, It is worth noting – which plays into the no-code, automation and collaboration markets. This is a rough summary. Anyhow, I asked Mader about the no-code trend in 2021, because I am eyeing space. Here’s what he wrote for us:

If you think the sudden shift to remote work changed corporate America to digital, then you haven’t seen anything yet. Digital transformation is set to grow even faster in 2021. Last year, the workforce was exposed to many different types of technology at once. For example, a company may have deployed a zoom or document for the first time. But this change mostly involved analogue processes such as signing meetings or documents and taking approval and bringing them online. Things like this are only a first step. 2021 is the year when companies will start connecting large-scale digital events to infrastructure that can automate and replicate them. It is the difference between a person signing a document and hundreds of people signing hundreds of documents with different rules for each one. And this is just one example. Another use case may involve linking HR software to project management software for automated, real-time resource allocation that allows a company to exit both platforms as well as its people. Businesses that can automate and simplify such complex workflows will dramatically improve efficiency and return to their technology investment, putting them on the path to true change and improving profitability.

we will see!

Alex