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Talks of new feature that invests spare change in stocks; Robinhood

Shortpedia

Content Team
Image Credit: Shortpedia

According to Bloomberg, Robinhood is testing a tool that will allow customers to invest their spare change in certain companies, as well as an incentive scheme for those who opt-in. According to code seen by Bloomberg within the company's test version for the iPhone, the new function is named "round-up investments." Steve Moser, an iOS developer, found it. Users usually link their trading accounts to their credit or debit cards.