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

Stefan Mileschin · 30th July 2021, 14:56

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, 14:56	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	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

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Robinhood hit with class action lawsuit after it restricts GameStop stock	Stefan Mileschin	WebNews	0	29th January 2021 09:32
Faraday Future CEO will reportedly resign as part of restructuring plan	Stefan Mileschin	WebNews	0	29th August 2019 11:13
The Ferrari 812 Superfast is exactly what it sounds like	Stefan Mileschin	WebNews	0	7th August 2019 14:36
Robinhood's commission-free cryptocurrency trading is live	Stefan Mileschin	WebNews	0	26th February 2018 19:20
Robinhood will let users trade cryptocurrencies for free	Stefan Mileschin	WebNews	0	31st January 2018 06:18
Apple Pay bolstered by Co-op Bank and Metro Bank in the UK	Stefan Mileschin	WebNews	0	8th October 2016 07:12
Nintendo's NX sounds weird and that's okay	Stefan Mileschin	WebNews	0	1st August 2016 09:33
OnStar is helping GM plan for an autonomous-car future	Stefan Mileschin	WebNews	0	21st March 2016 15:11
Waze helps you plan future trips based on expected traffic	Stefan Mileschin	WebNews	0	18th March 2016 09:56
Motherboard sounds	dafour	Hardware Overclocking and Case Modding	7	27th June 2010 22:21