How did Robinhood, a zero commission broker become the second largest fintech company in America?

Robinhood is a great example of disruption in the Banking and Trading Industry.

Traditionally brokers charge between $10 and $30 for a trade of stocks, gaining a Margin of over 90%.

Robinhood, a mobile only trading platform, introduce a FreeMemium Model (aka Spotify) where users are charged zero commission for traded executed in 24 hours or a $10 monthly fee for trade executed immediately.

The result? $200m Annual Revenues and a valuation of over $6bn....

https://medium.com/@pratikoswal88/how-did-robinhood-a-zero-commission-broker-become-the-second-largest-fintech-company-in-america-251bb701909b