FinTech Magazine January 2020 | Page 70

[ HQ MENLO PARK , CA , US ]
TOP 10
MARKET VALUATION

US $ 7.6bn

70

04 RobinHood

[ HQ MENLO PARK , CA , US ]

The English folk hero has never looked more modern , or American . Robinhood is the california-based fintech that allows its users to invest in public companies and exchange traded funds on US stock exchanges without paying commission , foreign exchange fees or account minimums . It also enables them to purchase cryptocurrencies and now has a range of banking products that include checking and savings accounts and debits . In the two years since the company was founded by Baiju Bhatt and Vladimir Tenev , it has grown to serve six million users .
JANUARY 2020