JAY-Z is the third rapper to become an investor of free trading app Robinhood through Roc Nation Arrive, which has invested in two other high growth tech startups. The two other apps are Devialet, a French audio technology, and InSite Applications, a location sharing app that will launch later this year.

Arrive's president, Neil Sirni, commented on the decision to invest in Robinhood in a statement that read, "We believe in Baiju [Bhatt] and Vlad [Tenev]’s mission to make the financial markets more accessible and cost efficient for customers of all size. Robinhood will have our support as they execute the long-term vision of their company."

Source: techcrunch.com