Robinhood Markets, Inc.
Headquarters
Menlo Park United States
About us
To democratize finance for all.
Robinhood has transformed how people invest by eliminating commission fees and minimum balance requirements that traditionally kept ordinary investors out of financial markets. Founded in 2013, the company started with free stock trading and has grown into a comprehensive financial platform serving 27.7 million funded customers with $377 billion in platform assets. The app now handles stocks, ETFs, options, crypto, and futures trading alongside cash management, retirement accounts, and AI-powered portfolio management through Robinhood Strategies. Trading on NASDAQ as HOOD with a market cap around $85 billion, Robinhood operates through multiple entities: Robinhood Financial for traditional securities, Robinhood Crypto for digital assets, and Robinhood Asset Management for portfolio services. The company is pushing into Web3 with Robinhood Chain, a tokenization engine, and wallet infrastructure aimed at making traditional assets tradable on-chain 24/7.
Products
The core platform offers commission-free trading of stocks, ETFs, options, crypto, and futures through mobile and web apps. Robinhood Gold subscribers pay $5/month for premium features like higher interest rates and the Gold Card with 3% cash back. The company has launched AI-powered tools including Robinhood Cortex for market analysis and "Agentic Trading" for automated investing. Robinhood Strategies provides expert-managed portfolios with zero management fees on assets over $100K for Gold members. Recent additions include prediction markets, fractional shares, IPO access, and international expansion into Europe and Canada through the WonderFi acquisition.
Funding
Robinhood raised approximately $5.7-6.2 billion across multiple funding rounds before going public on NASDAQ in July 2021. Key rounds included a $280 million Series F led by Sequoia Capital in May 2020 at an $8.3 billion valuation, followed by a $200 million Series G led by D1 Capital Partners that August, pushing valuation to $11.7 billion. The company closed a massive $3.4 billion convertible note in January 2021 led by Ribbit Capital with participation from Andreessen Horowitz and Sequoia. Major investors also include DST Global and D1 Capital Partners. As of June 2026, the stock trades around $93 with a market cap of approximately $85 billion.
Recent news
In June 2026, Robinhood successfully closed its approximately $180 million acquisition of WonderFi, marking its official entry into the Canadian market and bringing its international customer base to over 1 million. Simultaneously, the company has continued to leverage its IPO Access feature to provide retail investors with direct participation in high-profile listings, such as the SpaceX IPO in June 2026. These developments align with ongoing operational growth, as evidenced by Robinhood's reported May 2026 data, showing 27.7 million funded customers and $377 billion in total platform assets.
Technology
The backend runs on Go, Python, and Java with cloud-native microservices architecture designed for high throughput trading systems. Infrastructure uses Kubernetes for container orchestration on AWS, with Apache Kafka and Flink handling real-time data streaming. Recent optimizations include WarpStream for cost-efficient log analytics. The frontend uses React and TypeScript, while the company employs a monorepo strategy with Bazel build tools. CI/CD runs on Jenkins and Buildkite with testing through Jest and Playwright. The team actively adopts AI tooling to boost engineering productivity and works on Web3 infrastructure including Robinhood Chain, the Tokenization Engine, and wallet services.
Benefits
Employees get 100% employer-paid medical, dental, and vision insurance for themselves and dependent children. The benefits package includes a flexible "lifestyle wallet" for wellness expenses, generous parental leave, fertility benefits, mental health support, and a 401(k) matching program. Office perks include free meals and snacks, commuter stipends, gym membership support, and a complimentary Robinhood Gold subscription. Compensation includes competitive base pay ranging from $180K-270K depending on location, plus bonus opportunities and equity through RSUs. The company maintains a pet-friendly environment with social outings and emphasizes in-person collaboration with at least 3 days per week in Menlo Park or New York offices.