Startup Robinhood, a No-Fee Stock-Trading App — Now is Worth $1.3 Billion

MOQIPEOPLE INSIDER:

The founders of Robinhood, a no-fee stock-trading app, were initially rejected by 75 venture capitalists — now their startup is worth $1.3 billion

Vlad Tenev, the Co-Founder and Co-CEO of Robinhood. Robinhood is an app built around one promise: no-fee stock trading.

The app itself is stylish and simple, a big part of why it won an Apple Design Award. It makes stock trading cheap, intuitive, and mobile.

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Robinhood launched in December 2014 and quickly became a favorite among younger people looking to invest without paying $7 per trade. Since its launch, Robinhood has amassed hundreds of thousands of users and facilitated over $1 billion in trades, according to TechCrunch.

The app itself is stylish and simple, a big part of why it won an Apple Design Award. It makes stock trading cheap, intuitive, and mobile.

Read more via:

https://robinhood.com

 

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