Robinhood has gone from being a little consumer-facing fintech app to an absolutely giant consumer-facing fintech app.
The company, which launched in 2013, has ballooned to a $5.6 billion valuation on the heels of a $363 million Series D financing round led by DST Global. The app has also grown to 5 million users, as of today, with more than $150 billion in transaction volume.
But the app, which lets people trade stocks and options for free, is also dabbling in the wondrous world of cryptocurrencies, setting the stage for a potential transition from “fun app” to legitimate financial institution.
That’s why we’re absolutely thrilled to have Robinhood co-founder and CEO Baiju Bhatt join us on the Disrupt SF 2018 stage.
The key to everything here is that Robinhood offered a simple consumer demand: free transactions on financial services. Unlike incumbents E*Trade and Scottrade, there are no trading fees on Robinhood, giving average consumers the chance to dip their toes in the market without any added barriers to entry.
At Disrupt, we’ll ask Bhatt about how Robinhood Crypto is progressing and what the company has in store as we head into next year.
Passes are available at the Early Bird rate until July 25 here.