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Robinhood Maxed Out $200mn Line of Credit

Robinhood Maxed Out $200mn Line of Credit

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FintechNews RoundupUSA
··1 min read

Digital wealth management fintech Robinhood has made the news for all the wrong reasons lately as they have been suffering outages just as market volatility has jumped; the fintech was also reported to have maxed out their $200mn line of credit during the past two weeks; the company drew its facility from Barclays, Citigroup and JPMorgan Chase during the week of February 24th; the company says they did not draw on the facility because of the outages as they explained the two events were not related; “Any assertion that a draw on our credit line was related to an outage is entirely false,” a Robinhood representative told Business Insider. The decision to borrow “predated and was entirely unrelated to any outage on our platform,” they added. Business Insider

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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