December 19, 2013
Robinhood is for the Have-nots as the name suggests. It is as much a story of helping the small/individual traders as it is a technology product & service. To trade on stocks, a fee of $7 to $10 is usually charged by Scottrade, E*Trade and other financial companies. Robinhood, a mobile investment startup, seeks to remove the divide between Haves and Have-nots with a mobile app that enables users to trade in stocks without being charged any commission. To this end, the company announced today (December 19th, 2013) that it had raised $3 Million in Seed Round.
Robinhood was Co-Founded in 2012 by Baiju Prafulkumar Bhatt,