robinhood.com | Finance/Payments | Founded: 2013 | Funding to Date: $912,080,000
Robinhood is a developer of a mobile stock trading application designed to democratize access to the financial markets. The company's free stock trading application offers real-time market data and allows investors to give up a full-service trading platform in exchange for the ability to buy a wide selection of stocks and ETFs without paying commissions or fees, enabling them to invest what they can afford and skip the fees. Additionally, the company offers zero-fee trading of Bitcoin and Ethereum to investors in certain states. In October 2019, Robinhood announced its Cash Management product and associated debit card, providing users with an added level of financial flexibility through the application.
Robinhood doesn't think the latest interruption was related to last week's outages, and it is working internally and with partners to find the cause.
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