Cadet
Banned
- Messages
- 475
- Joined
- Jan 1, 2015
- Messages
- 475
- Reaction score
- 15
- Points
- 15
Robinhood makes money in many of the same ways as traditional online brokerages. These include:
- Collecting interest from customers who choose to upgrade to a margin account. We are testing margin in beta and will offer margin accounts later this year.
- Accruing interest from customers’ uninvested cash balances. It is important to note that our customers are not charged.
Robinhood has raised $16 million from Index Ventures, Ribbit Capital, Google Ventures, Andreessen Horowitz, Social Leverage, Box CEO Aaron Levie, Path CEO Dave Morin, Jared Leto, Snoop Dogg, and Nas, which gives us the freedom to focus on building an outstanding experience rather than short-term profits.
https://www.robinhood.com/