At least some of the fresh capital will most likely finance addressing the infrastructure-related issues with the app that led to three major outages in early March and caused outrage among users who were temporarily unable to make trades.

Robinhood was able to secure funding despite the economic slowdown due to increased consumer interest in digital investment platforms and continued backing from returning investors.

Robinhood could also be benefiting from investors’ tendency amid economic uncertainty to bet on companies enjoying strong growth that they are already invested in, to drive further growth and see a return on their investment.

This likely helped Robinhood secure substantial funding from returning investor Sequoia Capital in the latest funding round.

Moving forward, Robinhood should double down on fixing infrastructure problems, while also monetizing its existing users to continue on its strong growth trajectory even once markets stabilize.

The negative press associated with its recent outages were the latest in a line of controversies for Robinhood.

The trading app should zero in on establishing what makes Robinhood so attractive to millions of users and seek to monetize this.