Robinhood Team

#RobinhoodRewind 2014

The past year has been especially important to all of us at Robinhood. Our brokerage enjoyed its one year anniversary, we raised $13MM from some notable investors, and we officially launched on the App Store a few weeks ago.

We could not have done this without you all. Over 600,000 of you signed up for early access to Robinhood, and since launch, we’ve invited more than 150,000 people to sign up and create accounts. For many of you, Robinhood is your first brokerage account, and we could not be more excited to be a part of your financial future. 

Thousands of investments are made each week using Robinhood -- and we expect this number to grow substantially as we welcome more of you to experience Robinhood. Here’s a look at our daily trading volume in the three weeks since launch:

We are humbled by all of you who share our vision and grateful for your unwavering support:

We’ve received incredible praise from top-tier media outlets, including TIME, Business Insider, TechCrunch, BuzzFeed, WIRED, TheStreet, The Verge, and more.

While 2014 is a year to remember and celebrate, we realize there is still so much work to be done -- and even more to look forward to. In 2015, we hope to expand the range of platforms Robinhood is available on, support more types of securities, offer margin accounts, form lasting partnerships with industry-leading companies, and hire brilliant engineers and designers.

THANK YOU and Happy New Year!

Cheers,
Robinhood

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Finally, there's a new way to invest

We believe the stock market is one of the best available tools for individual wealth creation. But too few have reaped the benefits of this powerful, economic force. And it’s no wonder why. 

The markets are a complex system of regulation that may seem daunting to new investors, and with the financial crisis, distrust in Wall Street has never been higher. Traditional brokerages -- many of them established in the 1970’s -- have been slow to adapt to new technologies. Many still rely on paper-based accounting and the few that have mobile applications, are built off of archaic interfaces.

Disappointed with the current offerings, we set out build a financial company from the ground up. One that puts people first -- not profits. One that you can trust, shares your values, and understands the mobile climate. 

 

Today, we are thrilled to announce that Robinhood is available on the App Store. 

 

Finally, there’s a new way to invest. Robinhood’s meticulously designed iPhone app allows you to invest in the companies you know and love, with zero commission for U.S. listed securities. That’s right. No more paying up to $10 per trade. 

Since we announced Robinhood last December, we were taken back by the unwavering support. Almost half-a-million people signed up to join Robinhood, and we found that our mission not only resonates with the younger generation, but with people from all walks of life.

 

Robinhood for iPhone

Robinhood’s iPhone app is designed to be intuitive to anyone who uses it. Drag your finger across interactive graphs to view historical share prices. Swipe left and right between stocks in your watchlist. Quickly tell when the markets are open and closed with simple color schemes. And when you’re ready to purchase a stock, just swipe up to buy. 

With your cash or margin account, you can purchase U.S. listed stocks and exchange-traded-funds by placing market and limit orders. Robinhood lets you build a personalized watchlist, view market data in real-time and access detailed charts and graphs to help you make informed investment decisions.


Access to Robinhood

Starting today, we will begin on-boarding thousands of people from the waitlist as quickly as possible, inviting them to set up their Robinhood account. Also, anyone may download Robinhood today and immediately begin building a watchlist, viewing market data, and tracking their position on the waitlist. 

This swift yet measured roll-out will ensure that our systems, as well as our counter-parties’ systems, are not overwhelmed. 

Robinhood is opening up the markets to a whole new wave of people. People who want to take control of their personal finances. People who want to support the companies they love. We believe Robinhood will help do just that.

Cheers,
Your friends at Robinhood

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Our Brokerage Anniversary

Today, Robinhood celebrates its first year as a registered broker dealer.  

It might not seem like a huge feat, but the complexity of creating a new brokerage is far from trivial. In fact, that’s one of the reasons we think there has been so little innovation in this space to date. It’s exciting to dream big, but bringing it to market took a team with more than 50 years’ worth of experience in the industry for Robinhood Financial to become registered with the SEC and a member of FINRA.

These past few months have been critical in not only ensuring compliance and building trust in the industry and among beta users, it’s helped crystallize our desire to do something different. The more we dug in, the deeper our conviction was to create a better way for people to invest, and allow greater participation in the market.

We’re thrilled for the journey ahead and we’ll continue to keep you posted here and on our Twitter feed.

Cheers,

Your friends at Robinhood

A new way to invest, for a new generation

As many of you know, we’ve embarked on a big mission: to create a better way for the next generation to invest. The idea for Robinhood stemmed from our days on Wall Street, where we realized that institutional investors can access public markets for dramatically cheaper prices than the rest of us. Today, the average individual has to pay up to $10 per trade. We believe there’s something inherently wrong with that, and we’re on a path to change it. Robinhood’s powerfully engineered technology and carefully designed mobile experience will allow everyday investors to trade with zero commissions.

Over the past several months, our team has been blown away by the unwavering support and enthusiasm for Robinhood. Almost a half-million people are on our wait list, and our early beta program is providing us with valuable customer feedback that will improve the Robinhood experience.

We are working as fast as we can to share Robinhood with everyone, and today, we are one giant leap closer to that goal. We’re thrilled to announce we closed a $13 million Series A financing round from some of the world’s most notable investors. It’s humbling and inspiring to know that some of the smartest minds in finance and technology share our vision to democratize access to the financial markets.

Index Ventures led the round and Jan Hammer will join our Board of Directors. Also joining the round is Ribbit Capital; Howard Lindzon, Co-Founder of StockTwits and General Partner at Social Leverage; Aaron Levie, Founder of Box; Dave Morin, Founder of Path; Jared Leto; Snoop Dogg; and Nasir Jones of QueensBridge Venture Partners. We are excited to welcome them to the Robinhood family, which includes some top-tier seed investors such as Andreessen Horowitz and Google Ventures.

This new funding will allow us to hire talented engineers and designers, expand our beta program, and pave the way for a successful public launch early next year.

We appreciate everyone’s wonderful enthusiasm and patience as we gear up for a busy next few months. In the meantime, keep up with us on Facebook and Twitter, and if you haven’t already, reserve your portfolio here.

If you’d like to join our growing team, check out our openings.

 

Cheers,

Your friends at Robinhood

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Securities trading is offered to self-directed customers by Robinhood Financial. Robinhood Financial is a member of the Financial Industry Regulatory Authority (FINRA).

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Cryptocurrency trading is offered through an account with Robinhood Crypto. Robinhood Crypto is not a member of FINRA or SIPC. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC.

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