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A turbulent stock market is a boon to investing-focused fintech startups

A turbulent stock market is a boon to investing-focused fintech startups

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/05/04/a-turbulent-stock-market-is-a-boon-to-investing-focused-fintech-startups/

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.

A few weeks back we dug into the boom that savings and investing apps and services were enjoying. Companies like Acorns, M1 Finance, Robinhood and others were seeing rapid growth in their assets under management (AUM) and downloads. New data out today underscores how well finance apps are faring in the new, chaotic COVID-19 era.