Robinhood

wealthtech-retailother investments platform

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 03/12/2020

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About

Democratizing finance for all. Securities by Robinhood Financial (Member SIPC) Crypto by Robinhood Crypto (licensed by NY Dept. Financial Services)

MEDICI Analysis

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.

Focus

PRODUCTS & SERVICES

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.

REVENUE MODEL

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.

EXISTING PARTNERSHIPS

Quantopian: Allows users to trade securities without paying a commission.

COMMENT

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.

Traction

VALUATION / MARKET CAP:

$7.6 B in 2019

VALUATION COMMENT:

The company had raised funding in July'2019 and valued at $7.6 billion.

REVENUE

$10M+ in 2017

REVENUE COMMENT:

The company had a revenue of $69Million in 2017

TRANSACTIONS VALUE:

$3 B

ACTIVE USERS:

6 Million in 2018

ACTIVE USERS COMMENT:

The company has more than 6 million customers to date. (Apr. 2019)

TRACTION COMMENT:

Customers have saved over $12 million in commissions and transacted over $500 million through the company's platform.

Momentum

FUNDED

YES

TOTAL FUNDING

$1.37 B

DATE OF LAST FUNDING

Sep 2020

SEED & PRIOR FUNDING

$3 M

SEED CLOSED ON

Dec 2013

FUNDING SERIES

SERIES A  · $13 M  · Sep 2014

SERIES B  · $50 M  · May 2015

SERIES C  · $110 M  · Apr 2017

SERIES D  · $363 M  · May 2018

SERIES E  · $50 M  · Oct 2019

SERIES F  · $320 M  · Jul 2020

SERIES G  · $460 M  · Sep 2020

SECONDARY MARKET  · $2.3 M · ---

LISTED

NO

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