NEW YORK, New York — Arrive, a Roc Nation company, announced its investment in Robinhood, the popular financial services company whose mission is to democratize access to America’s financial system. Launched in 2015 by Vlad Tenev and Baiju Bhatt, Robinhood’s investment platform allows trade of U.S. stocks, ETFs, options, and soon, cryptocurrencies, commission-free.
“We believe in Baiju and Vlad’s mission to make the financial markets more accessible and cost efficient for customers of all size,” said Neil Sirni, Arrive President. “Robinhood will have our support as they execute the long-term vision of their company.”
Robinhood has over three million users and is valued at $1.3 billion. Last year, the company released Robinhood for Web, complete with research and discovery tools, as well as commission-free options trading. Last week, the company announced Robinhood Crypto, which will bring commission-free trading of Bitcoin and Ether to the Robinhood platform. The company has won both an Apple Design Award and a Google Material Design Award.
Robinhood is Arrive’s third investment. Arrive has also invested in the French audio technology company, Devialet, and the location sharing platform, InSite Applications, which is scheduled to launch in the first half of 2018.