Robinhood seeks more than $7 billion in valuation in the latest round of financing

According to The Block, Robinhood Markets is entering the final phase of a round of financing, with a valuation between $7 billion and $8 billion. According to sources, larger financing may be underway. It is reported that Robinhood has discussed seeking another round of financing of $10 billion. In 2018, the company completed $363 million in financing, raising its valuation to $5.6 billion.