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Democratizing finance for all. Securities by Robinhood Financial (Member SIPC) Crypto by Robinhood Crypto (licensed by NY Dept. Financial Services)
Robinhood is a commission-free, mobile-first stock brokerage firm which helps users to buy and sell US-listed stocks, ETFs, options, and cryptocurrencies. Currently, the company operates a website and mobile apps for iPhone, Apple Watch, and Android. Recently, Robinhood was selected for the 2019 Forbes Fintech 50 startups list.
Robinhood is a smartphone app that allows individuals to invest in publicly traded companies and exchange-traded funds listed on US exchanges without paying commission.
Robinhood generates revenue by collecting interest from customers who choose to upgrade to a margin account and from accruing interest from customers’ uninvested cash balances. The stock trading app makes revenue through its subscription Robinhood Gold product, which offers margin and extended-hours trading.
Quantopian: Allows users to trade securities without paying a commission.
Robinhood will be expanding outside of the US. Users will be able to buy and sell US-listed companies, ETFs, and many of the largest companies in their home country.
$7.6 B in 2019
The company had raised funding in July'2019 and valued at $7.6 billion.
$10M+ in 2017
The company had a revenue of $69Million in 2017
6 Million in 2018
The company has more than 6 million customers to date. (Apr. 2019)
Customers have saved over $12 million in commissions and transacted over $500 million through the company's platform.
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