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company - which has raised $912 million from investors, much of it led by DST Global - announced it was launching no-fee checking-and-savings accounts that would provide users with a 3% interest rate - nearly double what other financial institutions offer. ![]() In December 2018, the six-year-old, Menlo Park, Calif. This isn’t the first misstep for Robinhood, a popular platform that caters largely to first-time investors with its no-frills, no-fees approach to investing.
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