Robinhood
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Zero-Fee Stock Trading App Robinhood Nabs $50M From NEA To Go Global
In case you thought paying $7 to $10 to trade a stock in the US was bad, it costs $65 in Australia. So now that its zero-fee stock trading app is thriving stateside with hundreds of thousands of users, Robinhood is planning to go international, starting in Australia. A $50 million Series B cash infusion from NEA will fuel that expansion, as well as hiring and development of… Read More
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Robinhood Launches Zero-Fee Stock Trading App
Why pay E*Trade $8 to buy or sell a stock when you can trade for free on Robinhood? After two years of development, $16 million in funding, and 500,000 waitlist signups, Robinhood finally hits the iOS App Store today. Robinhood lets you track the performance of stocks, and buy or sell them with just a few taps at no cost. The app could attract a younger, less wealthy demographic to the… Read More
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Robinhood Raises $13M To Democratize Stock Market With Zero-Commission Trading App
Half a million people have already signed up for Robinhood’s unlaunched zero-fee stock trading service. Now the startup has raised $13 million to hire talent to make its app totally secure so it can start adding people from its private beta waitlist.
Unlike competitors E*Trade and Scottrade that charge people $7 to $10 per trade, Robinhood doesn’t need to spend money on… Read More
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