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Benzinga

Business

Renato Capelj

BZ Bites: Robinhood Fuels Saving And Investing Trends With New Service And Card

HOOD Robinhood Nasdaq

Robinhood Markets Inc (NASDAQ:HOOD) announced its intent to launch a spending account functionality and new cash card with embedded rewards.

The development comes as the California-based company looks to fuel positive trends in saving and investing; after its 2013 launch as a brokerage, in accordance with founders Vlad Tenev and Baiju Bhatt’s vision to democratize finance, Robinhood pivoted to all things financial wellness.

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