About Robinhood

Robinhood Markets Inc., or simply Robinhood, is a U.S.-based financial services company headquartered in Menlo Park, California. The company offers the Robinhood smartphone mobile app, which allows individuals to invest in publicly tradedcompanies and exchange-traded funds listed on U.S. stock exchanges without paying a commission. The company makes money from interest earned on customers’ cash balances and margin lending, and by selling order flow to high frequency trading firms.

After an April 2017 fundraising, Robinhood had a $1.3 billion valuation. The Wall Street Journal reported in 2018 that the company had closed another round of financing that valued the company at $5.6 billion.

Robinhood Details
Operating Status: Active
Business Type: Private
Founded: 2013
Headquarters: Menlo Park, California, United States
Founders: Vladimir Tenev, Baiju Bhatt
Robinhood News
Bitcoin Share of Total Crypto Market Falls Below 51% to Its 3 Months Low
March 20th, 2019

Bitcoin dominance has fallen to a three month low. This could indicate that investors are moving into riskier assets, with renewed confidence in virtual assets and a bullish outlook for the market.

Robinhood and LibertyX Become the Latest Companies to Win New York’s BitLicense
January 25th, 2019

With Robinhood and LibertyX, NYSDFS has approved sixteen licenses for companies in the virtual currency marketplace.

Fintech Firm Plaid Acquires Its Rival Quovo to Build the New Full-Service API Platform
January 9th, 2019

San Francisco-based fintech app provider Plaid has announced its first major acquisition. The startup allegedly spends $200M to acquire its rival company Quovo.

Robinhood Disrupts Traditional Banking Offering 3% Interest on Saving Services
December 14th, 2018

The traditional banking system has ‘fleeced’ their unsuspecting customers through hidden charges on most services. Robinhood has intervened to salvage the deteriorating situation.

VC Mary Meeker, Andreessen Horowitz and Goldman Sachs Drive Startup Plaid Hit $2.65B Valuation
December 12th, 2018

The latest Series C funding round worth $250 million was led by popular venture capitalist Mary Meeker through her Kleiner Perkins’ growth fund.

Latest Companies' News

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Tron CEO Justin Sun to be Accompanied by Charlie Lee in a Lunch with Warren Buffett

Billionaire Bitcoin cynic Warren Buffett agrees to give heed to the emerging blockchain technology. Following a $4.6 million USD bid by Tron CEO – Justin Sun to host a power lunch, along with Litecoin’s Creator – Charlie Lee as Guest Speaker.

JPMorgan Seeking to Hire Bitcoin Tech Experts, Says Bitcoin Futures Are ‘Understated’

In a twist of events, JPMorgan is looking for experts with sound Bitcoin tech for the possible development of its own blockchain networks. The company also states that Bitcoin futures are more ‘understated’ than its actual importance in the market.

Zilliqa Big Debut Is Tomorrow. Who Are the Possible Partners?

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Facebook Launching Libra Blockchain Testnet Backed by Libra Reserve Next Week

Per the report, Facebook and dozens of its partners will unveil the Libra Association, which will be based out of Geneva, as the entity that will oversee the company’s Libra cryptocurrency project. During the event, the company is also expected to launch the testnet of its blockchain.

Two Blockchain Startups Join Hands for Amazon Purchases with Ethereum

Two blockchain startups partnered up to enable Amazon consumers use Ethereum for payments. For this to come true, CLIC Technology is collaborating with Opporty for an app-like browser extension.