Robinhood
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Robinhood stock-trading app confirms $110M raise at $1.3B valuation
Zero-fee stock-trading app Robinhood has joined the unicorn club. That’s thanks to it reaching 2 million total monthly users, and 17 percent month-over-month growth of its revenue-driving Robinhood Gold subscription product. The startup confirmed to TechCrunch that it’s raised a $110 million Series C at a $1.3 billion valuation. Read More
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Free stock trade app Robinhood monetizes with $10/month to buy on credit
Robinhood says it will never charge commissions to trade stocks, but the $66 million-funded startup is finally ramping up monetization with the launch of “Robinhood Gold” premium features. For $10 per month, users can skip the three-day waiting period with instant deposits and reinvesting, trade 30 minutes before and 2 hours after the market is open, and borrow up to double the… Read More
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Robinhood lets China trade US stocks free through Baidu’s finance app
Zero-fee stock trading startup Robinhood is barging into China, even though it lacks explicit regulatory approval. Robinhood will enter this legal grey area through an integration into Chinese search giant Baidu’s Stockmaster finance app. It will allow Chinese citizens to buy and sell US stocks with no fee and no account minimum from their phones when few affordable mobile stock… Read More
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Robinhood preps for zero-fee stock trading launch in China
Robinhood will bring its free U.S. stock trading app to the world, and just announced one of the first countries will be China. To prepare, today it launched a Chinese-language version in the U.S. and began asking users to invite friends and family in China to its waitlist. Robinhood previously launched a waitlist for Australia, but has otherwise only been available in the United States. For… Read More
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Robinhood Ditches 3-Day Wait, Fronts New Users $1000 To Buy Stocks
The most annoying part of zero-fee stock trading app Robinhood was that when you signed up, there was a 3-day delay before money you deposited appeared in your account. Luckily, today the startup is solving this by embracing a slightly higher risk of fraud with the launch of Robinhood Instant. It lets users borrow up to $1000 to trade with while their deposit clears, and immediately trade with… Read More
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Meet The Startups Vying For The Crunchie For Best New Startup Of 2015
The 9th Annual Crunchies are right around the corner, and some of the best and brightest startups, companies and leaders are vying for the chance to win the coveted Crunchie award in one of the 12 categories up for grabs.
As the event draws closer, we’ll be featuring the finalists in each of the 12 categories up for grabs, starting with the nominees for one of the most prolific awards… Read More
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Robinhood Gives Zero-Fee Stock Trading To Other Apps
What Stripe did for easy payments, Robinhood is doing for free stock trading. This week the brokerage startup launched its platform so developers can bake its zero-commission stock trading into their products. Stop for a second and think about how big a deal this is. Before now, there were two types of stock apps. Ones that actually let you make trades but charged you a fee of around $7,… Read More
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Stock Trading Was Expensive And Ugly. Robinhood’s App Makes It Free And Pretty
Robinhood steals stock trading from rich guys in suits and gives it to normal people who couldn’t afford to pay $7 per transaction. The zero-fee stock trading app is bonafide hit. Less than a year after launch it has hundreds of thousands of users, over $1 billion in transactions, $66 million in funding, and an Apple Design Award. In fact, it’s the first finance app to win that award. Read More
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Robinhood’s Vlad Tenev On Stock Market Turmoil And Eliminating Trading Fees
This might not seem like the best time to be running a startup focused on stock market trading, but Vlad Tenev, co-founder of Robinhood, still sees plenty of opportunities. “There’s always companies and products that are doing well, and there’s always comapnies and products that aren’t doing so well,” he said. “In addition to that, short-term fluctuations… Read More
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Zero-fee, stock-trading app Robinhood is now on Android. The app launched on iOS late last year and has grown to “hundreds of thousands of customers” and made over $1 billion in trades on the platform, according to the startup.