The duo found this opportunity very exciting and they started working on developing their own trading firm in the midst of a crisis. They observed how the crisis led to the fast global growth of algorithmic stock trading and the entire market was also going electronic at that time. Seeing the situation and problems created by the crisis – two like-minded individuals conceived the idea of creating a mobile-first no-commission stock trading mobile app. During that time, a lot of people went into panic mode, not knowing what is exactly happening in the financial sector. It is hard to believe but the inspiration behind Robinhood Stock Trading App was the financial crisis of 2008 – that the world has still not forgotten. Robinhood’s Inspiring Story: The Climax of 2008 Financial Crisis Let’s now move forward and see how the Robinhood stock trading app came into the picture, how it works, and brings money to the table to learn a few lessons from its success. Since its launch, the company is completely used-centric and that is one of the reasons behind its immense success. However, an official statement on the same is yet to come.Īs per the Robinhood team, its latest funding amount would go towards building their core product and for improving the app’s customer experience. This new funding round valued the app at $11 Billion, up by nearly one-third of its valuation just one month ago after the previous funding round.Īlso, this latest fundraising is leading to speculation that the app, which has altogether disrupted the business of stock trading in the USA since its launch in 2015, is planning to sell its shares to the public.

Despite the chaos created by the COVID19 pandemic, the Robinhood stock trading app has raised more than $200 Million this week.

Robinhood’s glorious path to $11 Billion says all about the interest of investors in the Fintech Market.

Number of App Users: More Than 10 Million.

Robinhood Stats and Facts: Valuation and Other Milestones

What is robinhood app