April 06, 2021
CHARLOTTE, N.C. (WBTV) - Stock trading firm Robinhood is expanding operations to Charlotte in a move that will create nearly 400 new jobs in Mecklenburg County.
The California-based financial services firm will invest $11.7 million to establish an office in Charlotte focused on customer experience roles.
“With the second-largest financial center in the nation, North Carolina is one of the fastest growing tech hubs where companies like this know they can flourish,” said Governor Cooper.
Robinhood is an investing and stock trading brokerage firm that operates mostly through a mobile app. The platform is known for pioneering commission-free trading with no account minimums, lowering the barriers for millions of investors to participate in the financial markets.
The new positions will include analysts, customer service staff, and operations personnel. The average annual salary for all new positions exceeds Mecklenburg County’s overall average annual wage of $71,689, creating a potential payroll impact of more than $29.7 million per year.
Founded in 2013, Robinhood offers investing in stocks, options, exchange traded funds and cash management products through its brokerage, Robinhood Financial, crypto trading through Robinhood Crypto, and a suite of educational resources for first-time investors interested in building long-term, generational wealth.
“Charlotte is known for its talented and diverse workforce, making it an easy choice as we looked to expand our operations,” said Alex Mesa, Head of Customer Experience for Robinhood. “We’re confident that Charlotte’s workforce will further contribute to our mission and lower the barriers to investing for all. We’re thrilled to join the Charlotte community.”