Jay-Z Invests In Financial Platform Valued In The Billions
Rap music mogul Jay-Z keeps up his business moves and has decided to invest his money into a new billion dollar financial platform.
The rap star’s venture capital fund Arrive has invested an undisclosed amount in Robinhood, which teaches its users how to play the stock market.
The company, which was founded by entrepreneurs Vlad Tenev and Baiju Bhatt, already has a $1.3 billion-dollar valuation, along with 3 million users and counting.
Just last week, the company announced Robinhood Crypto, which will bring commission-free trading of Bitcoin and Ether to the Robinhood platform. The company has won both an Apple Design Award and a Google Material Design Award.
Robinhood is Arrive’s third investment. Arrive has also invested in the French audio technology company, Devialet, and the location sharing platform, InSite Applications, which is scheduled to launch in the first half of 2018.
In addition to Arrive and companies like Roc Nation and Tidal Jay-Z also holds investments in Armand de Brignac champagne, Jetsmarter, 40/40 Club, The Spotted Pig, and a stake and Steve Stoute’s Translation Marketing.