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He added that partnership will be a key strategy to grow the business, both in Thailand and abroad. Mr Thana said Robinhood aims to be a regional app for the next phase, and the company has been exploring potential regional markets and business models. The total investment budget for business expansion in the next one to two years is expected to be around 4-5 billion baht. Robinhood began business operations last year with an initial investment budget of 150 million baht from SCB. With high growth potential, despite business operation losses, however, Robinhood plans to raise funds next year and become a super app," he said. If this is your first time on our website, our team at Trading Strategy Guides welcomes you. This guide will teach you everything you need to know about Robinhood so you can trade effectively. "We expect to contribute better income under the business expansion plan, but Robinhood will still book losses for the next one to two years. Robinhood is a free, US-based stock trading app that allows 100 commission-free stock, options, cryptocurrency and ETF trades. Robinhood Travel will be a key focus for generating new income in line with the country's reopening plan. Robinhood will also synergise with SCB X, the planned parent of SCB group, to offer financial products and services to riders and merchants. The other two are Robinhood Mart, which will purchase products from supermarkets or shops as per customers' orders, and Robinhood Express goods delivery service. The platform also plans to expand to cover three new services, including Robinhood Travel, an online travel agent.
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In 2022, the platform aims to grow to 4 million users and 300,000 merchants. Therefore, Robinhood has high potential in offering cross-selling services to existing clients, expanding its base of customers, and contributing greater income from advertisements, commissions, and digital loan services, Mr Thana added. Robinhood has commission-free investing, and tools to help shape your financial future. Users of Robinhood are largely SCB's existing customers and SCB credit cardholders, who have high purchasing power compared with other food delivery platform users.
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Robinhood allows users to trade cryptos like Bitcoin, Ethereum and Litecoin. You can also buy and sell cryptocurrencies on Robinhood App. The platform does not charge gross profit or commission fees from merchants. Robinhood is a broker-dealer app that allows users to trade stocks, options, and ETFs with zero commission fees. Thana Thienachariya, chairman of Purple Ventures Co, an SCB group tech startup, which operates the Robinhood platform, said that after being operational for a year, the platform had 2.3 million registered users with 164,000 merchants and around 20,000 riders. Robinhood on Monday warned users that a hacker talked their way past the stock-trading apps defences, stealing millions of user email addresses and more. Robinhood, a Thai food delivery platform under Siam Commercial Bank (SCB) group, plans to raise funds next year and launch three non-food services, aiming to become what it calls a regional "super application". Hacker steals investment app Robinhood users details.
#About robinhood app driver#
A Robinhood delivery driver on his way to deliver food.