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European version of Robinhood raises $23 million, plans to launch encryption products within two months.
On July 24, according to reports, the European investment app Lightyear completed a $23 million financing round, led by NordicNinja, with participation from Markus Villig, co-founder of the ride-hailing unicorn Bolt, and other Estonian tech entrepreneurs.
This startup aims to become the "European version of Robinhood" and enter the commission-free trading market. In addition to new financing, Lightyear will also launch brand new artificial intelligence features. Moreover, Lightyear plans to launch its own cryptocurrency product within two months, focusing on an investment experience that is "more long-term oriented."