FinTech Magazine December 2020 | Page 75

2013 YEAR FOUNDED

CEO

BAIJU BHATT

USA HQ

75

05 Robinhood

Value ( USD ) : $ 11.2bn

Founded on the principle of making stock trading cheaper and easier for the average person , Robinhood combines effective , simple and well-engineered systems to help individuals effectively manage their wealth . Additionally , its platform enables commission-free trading , with corporate revenue instead generated from membership fees , loans and rebates . Currently helping approximately 13 million users , the company ’ s capabilities have since expanded to include cryptocurrency trading and banking . Robinhood is owned by and targets the ‘ millennial ’ demographic , which comprises an estimated 80 % of its user base .
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