INSUBCONTINENT EXCLUSIVE:
is hiring for multiple U.K
These span recruitment, operations, marketing/PR and customer support
Notably, the company is also seeking people in compliance and product, including product design.In other words, significant localisation and
local product market fit appears to be the intention
regulatory requirements as it applies to local regulator the FCA for the appropriate licenses
Robinhood declined to comment on its U.K
plans.Meanwhile, news that Robinhood is stealthily recruiting ahead of a planned U.K
launch is interesting in the context of local fintech startups that have launched or announced their own fee-free trading offerings.Launched
rather than simply partnering with an established broker
The app lets you invest in U.K
stocks and ETFs, but will soon add U.S
announced its intention to add commission-free trading to its banking app, in what was seen as a bid to compete with Robinhood
Revolut-Robinhood comparisons is that the two companies share a number of investors, namely Index and DST
Both companies have incredibly high valuations, too, and, depending on respective burn rates, quite deep pockets.Co-founded by Baiju Bhatt
and Vlad Tenev (pictured above), Robinhood claims 6 million accounts and is valued at $5.6 billion, having raised a total to date of $539
It has around 300 employees across its HQ in Menlo Park, California and its regional HQ in Lake Mary, Florida.Revolut claims 3.5 million
users, and at its last funding round was valued at $1.7 billion
The fintech has raised a total of $340 million, and has a headcount of 600 in London and across its various regional offices.
