- Robinhood’s pain is the Public’s gain as VCs rush to give it more money.
- It Closes Series D after raising a $65 million Series C.
- Public expanded its user base by a multiple of 10 since the start of the year.
Public.com is a New York City and Copenhagen-based developer of an investing and social media platform. It offers commission-free investing with a social community around it. Public.com is a developer of a social investing application designed to unlock greater access to the stock market for a broader audience of investors. Through their application, members can own fractional shares of stocks and exchange-traded funds (ETFs). The company is a member of FINRA and SIPC.
Besides allowing members to buy fractional shares. They can follow interest-based themes and learn from a community of subject-matter experts and friends without commission. It enables users to invest and earn without hassle. This includes allowing members to follow others’ trade activities. This includes allowing users to make their transactions public to those following them, or keep them private. Users are also able to comment on transactions or through more direct communication through Public.com’s application
Public.com, a social-focused free stock trading service
Public.com is a social-focused free stock trading service. It is nearing the close of a Series D just two months after raising a $65 million Series C. The San Francisco-based fintech aims to give people the ability to invest in companies using any amount of money. With a focus on community activity overactive trading. It competes with Robinhood, M1 Finance, and other American fintech companies that offer consumers a way to invest in equities with low or zero fees.
A mass exodus from Robinhood
Many of those offering term sheets believe there could be “a mass exodus from Robinhood” and want a way to capture that value. That new capital came at a challenging time for the unicorn, which could pursue an IPO this year. And some investors reportedly want a piece of rival Public.com’s pie.
Payment for order flow, or PFOF, has become a touchstone in the debate surrounding low-cost trading platforms, and how users may pay for their transactions if not in direct fees. Investors betting on Public, then, would be placing a wager on not merely future user growth, but the startup’s ability to monetize effectively in the future.