(Bloomberg) -- Financial information platform and social network TradingView Inc. raised $298 million at a $3 billion valuation in a funding round led by Tiger Global Management, bolstered by surging interest from retail investors in participating in public markets.
London-based TradingView recorded a 237% increase in visitors over the past 18 months as consumers turned their attention to trading amid pandemic lockdowns. General Manager Pierce Crosby said it now has 29 million monthly active users of its stock charts and other services such as data and news.
Startups that offer services to retail investors have seen funding and usage soar.
German financial technology startup Trade Republic Bank GmbH raised new funds in May at a valuation in excess of $5 billion, and in September U.K. startup Revolut Ltd. said it planned to offer commission-free stock trading to U.S. customers.
TradingView says it's profitable and now plans to grow by expanding its brand globally. Along with offering its services to customers directly, it also wants to partner and integrate with major brokerage platforms.
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