FinTech Magazine January 2021 | Page 68

TOP 10

04 Robinhood

Value ( USD ) : $ 11.7bn

68

Democratising finance for all ! Founded in 2013 , Robinhood was built on a philosophy of democratising finance for all , flying in the face of the fact that “ big Wall Street firms pay effectively nothing to trade stocks , while most Americans are charged commissions for every trade .” As a result , the company set its mission to build products that provide inclusion for everyone when it comes to the financial markets - not just the wealthy - by leveraging technology to “ encourage everyone to participate in our financial system ”. With the finance industry encompassing a complex system of regulation , financial institutions , and assets , Robinhood aspires to always make its solutions simple , focused , and immediately understandable . Robinhood has received investments from Google Ventures , Andreessen Horowitz and DST Global . 2013 YEAR FOUNDED

CEO

BAIJU BHATT

USA HQ

JANUARY 2021