Fintech firm Revolut launches a Robinhood-style stock trading service

▤ Summary

The company launched the service — which lets users buy or sell popular U.S. stocks from Apple to Beyond Meat at the tap of a button — on Thursday, looking to lure in millennials who normally shy away from investing. "Its about including people that have previously been excluded from developing their personal wealth," Andre Mohamed, the executive leading Revoluts trading team, told CNBC in an interview, adding that low interest rates have made it difficult for bank customers to save. " Set up in 2015, Revolut gained popularity in the U.K. and Europe with a service that lets people spend abroad without paying fees. The firms trading move comes after Robinhoods botched attempt to launch checking and savings accounts last year. The Menlo Park, California-headquartered company has made waves in the U.S. with its no-fee trading service, but it hit a snag with its banking push due to regulatory concerns.

▦ Linked Companies

Robinhood Markets, Inc.

$1M to $5M