Estonia's tech elite are getting behind a European challenger to Robinhood
Publishing timestamp: 2025-07-24 01:13:19
Summary
European investing app Lightyear raises $23 million in funding round led by NordicNinja, with backing from Estonia's top tech entrepreneurs. The app offers AI features, including one that explains stock price movements. Lightyear plans to expand into more markets with the help of investors like Bolt's CEO Markus Villig. The company is valued between $200 million and $300 million and is focusing on serving long-term investors rather than offering risky products like crypto and margin trading.
Sentiment: NEUTRAL
Tickers: HOOD,
Keywords: fintech, investment strategy, stock markets, business news, technology, robinhood markets inc, venture capital, breaking news: technology,
Source: https://www.cnbc.com/2025/07/24/european-robinhood-rival-lightyear-raises-23-million.html