Robinhood, the app that lets you trade stocks without paying any fees, is now valued at a whopping $1.3 billion after taking on $110 million in fresh funding, cofounder Baiju Bhatt told Business Insider.
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No-fee stock trading app Robinhood is now officially worth $1.3 billion
Robinhood, the app that lets you trade stocks without paying any fees, is now valued at a whopping $1.3 billion, after taking on $110 million in fresh funding.
The Series C round was led by
As to where Robinhood is going next, the broad idea is to take most financial services, and "drive the cost down to absolute zero," Bhatt said. Today it is trading, and Robinhood is very transactional, but the company is looking at other areas. "
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