Robinhood launched a decade in the past as a inventory buying and selling and investing app. Throughout that point, it’s turn into a retail funding behemoth — however not with out its share of controversy, together with the GameStop commerce freeze of 2021 and two rounds of layoffs final yr. Add to {that a} declining person base and it begs the query, what’s subsequent for Robinhood?
We’re excited to announce that we’ll all be taught the reply to that query when Vlad Tenev, the corporate’s co-founder and CEO, joins us on the Fintech Stage for a session known as “What’s Robinhood’s Subsequent Chapter?” on September 19 throughout TechCrunch Disrupt 2023.
The corporate has been busy increasing its product portfolio. Final yr, it unveiled Robinhood Retirement, an IRA designed for folks — suppose gig staff and contractors — who work exterior the standard 9–5 grind. They typically discover it exhausting to save lots of for retirement with out full-time job advantages like employer-sponsored 401K plans.
This previous June, the corporate acquired X1, a no-fee bank card startup, for $95 million. The slowdown in crypto buying and selling and a decline in Robinhood’s core buying and selling enterprise will be the impetus for diversifying its enterprise.
Fintech’s been a roller-coaster journey for almost everybody since the highs of 2021 — as Tenev can readily attest. We’re trying ahead to studying what to anticipate within the widespread buying and selling app’s subsequent chapter.
Vlad Tenev: Robinhood Markets’ co-founder and CEO
Vlad Tenev co-founded Robinhood with Baiju Bhatt in 2013 with a mission to democratize finance. They served as co-CEOs and co-presidents till 2020, when Tenev took on these roles. He’s additionally chair of the corporate’s board of administrators.
Previous to Robinhood, Tenev began two finance corporations in New York Metropolis. Tenev holds a level in arithmetic from Stanford College and an MS in arithmetic from UCLA.
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