Digital wealth management fintech Robinhood has made the news for all the wrong reasons lately as they have been suffering outages just as market volatility has jumped; the fintech was also reported to have maxed out their $200mn line of credit during the past two weeks; the company drew its facility from Barclays, Citigroup and JPMorgan Chase during the week of February 24th; the company says they did not draw on the facility because of the outages as they explained the two events were not related; “Any assertion that a draw on our credit line was related to an outage is entirely false,” a Robinhood representative told Business Insider. The decision to borrow “predated and was entirely unrelated to any outage on our platform,” they added. Business Insider
