Robinhood lets users buy and sell U.S. stocks and ETFs without any trading fees. Disruptor50
Funding: $539 millionIndustry: Financial services, mobileThe Menlo Park-based Robinhood entered the crowded trading arena in 2013 with a mobile app that lets users buy and sell U.S. stocks and ETFs without any trading fees. The platform is especially attractive to less-wealthy millennials who are interested in investing but can't afford to spend $7 to $10 per trade with firms like E*trade or TD Ameritrade.
Over the past year, the company has grown to 6 million customers. It's raised a total of $539 million and is valued at nearly $6 billion. Though Robinhood's Bhatt has confirmed plans for an IPO, an exact date has not been released.
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