Robinhood is a $5.6B brokerage platform that has visions of becoming a full-service consumer bank. We analyze Robinhood's funding, business model, customer acquisition strategy, market size, and competition.
Robinhood is a zero-fee brokerage app that lets users invest in stocks, ETFs, options, and cryptocurrencies. Additionally, Robinhood — which applied for a national bank charter in April 2019 — plans to build out a suite of free consumer financial products, starting with a cash management account.
We analyze Robinhood’s:
- Funding history
- Business model and traction
- Customer acquisition strategy
- Market size