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Robinhood, With No-fee Trading App, Sees Valuation Soar To $5.6b

by forbes.com posted 1month ago 15 views
The nation's fastest-growing brokerage has attracted four million users. : Baiju Bhatt started Robinhood with close friend Vlad Tenev in 2013 after being inspired by the Occupy Wall Street movement. The pair now sits atop the nation's fastest-growing brokerage, worth north of $5 billion. (Photo courtesy of Robinhood) Robinhood, which offers a free trading service, confirmed a new funding round on Thursday that quadruples its valuation to $5.6 billion and makes it one of the most richly-valued startups in the country.

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