Robinhood CEO's plan for the future sounds a lot like a bank

Stefan Mileschin · 30th July 2021, 13:56

Newly public Robinhood has ambitions to be much more than just a stock-trading app, according to its CEO. In an interview with the AP, CEO Vlad Tenev said that, eventually, he wants to turn Robinhood into “the single money app” his users need.

Though Tenev didn’t use the word “bank,” his description certainly sounds more like a bank than the current iteration of Robinhood.

Over time, we want to be the single money app, the most trusted and most culturally relevant money app worldwide. So, everything that you use your money for, you should be able to do through Robinhood.

Anytime you receive a paycheck direct deposit, we’d like you to do that through Robinhood. Your emergency fund, your bill pay, your day-to-day spending, we’d like for customers to use us for that. And of course, all types of investing ranging from more discretionary investing to long-term retirement savings as well.

https://www.engadget.com/robinhood-c...9.html?src=rss

30th July 2021, 13:56	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,726	Robinhood CEO's plan for the future sounds a lot like a bank Newly public Robinhood has ambitions to be much more than just a stock-trading app, according to its CEO. In an interview with the AP, CEO Vlad Tenev said that, eventually, he wants to turn Robinhood into “the single money app” his users need. Though Tenev didn’t use the word “bank,” his description certainly sounds more like a bank than the current iteration of Robinhood. Over time, we want to be the single money app, the most trusted and most culturally relevant money app worldwide. So, everything that you use your money for, you should be able to do through Robinhood. Anytime you receive a paycheck direct deposit, we’d like you to do that through Robinhood. Your emergency fund, your bill pay, your day-to-day spending, we’d like for customers to use us for that. And of course, all types of investing ranging from more discretionary investing to long-term retirement savings as well. https://www.engadget.com/robinhood-c...9.html?src=rss

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