Robinhood raises another $2.4 billion from shareholders after existing investors pumped in $1 billion

Robinhood raised another $2.4 billion from investors, only days subsequent to existing investors siphoned in $1 billion in financing, the online business said in a blog entry on Monday.

The round was driven by Ribbit Capital, with cooperation from existing investors including ICONIQ, Andreessen Horowitz, Sequoia, Index Ventures and NEA.

The subsidizing comes after Robinhood was stressed by high volumes of exchanging a week ago, when it likewise confronted the displeasure of clients, VIPs and government officials for controling the acquisition of some hot stocks.

The financier, which has gotten mainstream with youthful investors for its simple to-utilize interface, is at the core of a madness that commenced a week ago after calls by Reddit string WallStreetBets to exchange certain stocks that were by and large vigorously shorted by mutual funds.

Sequoia Capital and Ribbit Capital met up a week ago to offer the $1 billion subsidizing, as indicated by a report.