Robinhood Veterans’ Fintech Raises $60 Million in Funding Round

Parafin, a financial-technology startup run by former Robinhood Markets Inc. staffers, raised $60 million in its second funding round.

GIC Pte, Singapore’s sovereign wealth fund, led the fundraising, Parafin said in a statement. GIC joined existing investors including Thrive and Ribbit Capital to value the company at $520 million, and bring its total equity funding to $94 million.