Cell buying and selling platform Robinhood is eyeing actual property in London, based on TechCrunch. The monetary providers agency reportedly tipped its hand with recruiting efforts in operations, advertising and marketing and buyer assist, in addition to product design and compliance.
If Robinhood does comply with by with a UK launch, it will likely be competing with fintech corporations like Revolut and Freetrade, TechCrunch reported. Revolut, for instance, has been attempting to "make cryptocurrency nice," however thus far it hasn't grabbed the eye of too many U.S.-based monetary advisors. That would change quickly, as a result of the corporate has already gained recognition in Europe as a smartphone-based financial institution and has been open about its plans to broaden to the U.S. and Canada.
Robinhood, which has seen its share of bumps and bruises currently, together with a fast drop-and-rebrand of its "Checking & Financial savings" function, has obtained funding from Index Ventures and DST International, each of which additionally invested in Revolut.