Robinhood

Founder / s: Baiju Prafulkumar Bhatt, Vlad Tenev
Key people: Baiju Prafulkumar Bhatt (Co-Founder and Co-CEO), Nate Rodland (COO), Nadia Asoyan (Head of Accounting), Joe Binney (VP Product Engineering), Patrick Kavanagh (Head of International Expansion) and Sahill Poddar (Data Scientist)
Number of employees: 51 – 100

Robinhood Financials is a stock brokerage application that democratizes access to the financial markets. The platform enables its customers to buy and sell US listed stocks and ETFs with zero commission. The trading platform is target to make people paid savings and trading stocks using its application Established In 2013, Robinhood Financials is an SEC registered broker-dealer and member of FINRA and SIPC.

Robinhood wants to level the financial markets playing field with its free stock and ETF trading platform. It was founded by Stanford roommates Vladimir Tenev and Baiju Bhatt who initially built trading platforms for major international financial institutions. Their experience illuminated that it’s essentially free for an institution To place an electronic trade-and that the customer is charged up to $ 10 for that transaction. This is what motivated the duo to create Robinhood.

Robinhood’s Secret Free Sauce

Robinhood is a mobile investment trading platform that does not charge fees or commissions. Robinhood, which has received $ 66 million in funding in three rounds from 25 investors, supports investing and securities trading that is suitable for most investors. It stretching most US equities and Exchange traded funds (ETFs) listed on major US exchanges. There are certain types of securities you can not trade on Robinhood: most foreign domiciled securities (except some Canadian and under stocks trading at $ 5 or more), OTC equities, options, preferred Stocks, tracking stocks, warrants, mutual funds, bonds, and currencies. Robinhood also does not provide access to IPOs.