Company Wars: Robinhood and Stash

Published by Millie Goadby on

In a market where competitive rivals are constantly playing a game of one-upmanship, we’ve decided to help break it down for you so you can really see who’s doing what, where, when and how – to help you stay ahead of the recruitment curve and make those placements better, faster, and with a happier client at the end of it all too!

This time we’re looking at Robinhood and Stash.

Generally targeted at a younger market, these two fintechs look to open up investment to the everyman. They attempt to demystify trading and put the power into the hands of people, offering fee-free trades and the option to make small, low-cost investments. Vive la revolution.

Who are they?

Robinhood was launched in California in 2013; the creation of Vladimir Tenev and Baiju Bhatt, who previously spent their time giving the ability to trade stocks to, well, traders, building platforms for financial institutions. They thought there was something a little iffy about Wall Street firms basically paying nothing to execute trades, while your average person would have to pay $10. They weren’t just going to sit there and take it. They were going to make a change. So, taking their name from the fox from that Disney film, Robinhood was born with a ‘mission to democratise America’s financial system’.

Trailing behind a little bit with a 2015 launch, the New York-based Stash also boasts of noble ambitions. They want to make investment accessible to the 99% and do so by focussing more on the education aspect than Robinhood. Their website features an ‘Education’ section, which will lead you to StashLearn, from which you can click on a button declaring ‘Teach Me’, at which point the company should, hopefully, teach you. If there’s a dark hole inside of you that you’re trying to fill up with positive reinforcement, head to Stash, where they let their 3m customers know that they ‘couldn’t be prouder’ of them. So sweet.

Coverage/Offices

They have offices in:

  • Robinhood: Orlando, Florida & Menlo Park, California.  Currently only available in the US, they’re planning a launch in the UK sometime soon but not much information on this has been disclosed as yet.
  • Stash: So nice they named it twice: New York, New York. Also sticking to the US for now with no rumours of a UK launch, unless you know something I don’t?

Current company headcount

Robinhood:

  • Crunchbase: 251-500
  • Craft: 646
  • LinkedIn: 657

Stash:

  • Crunchbase: 101-250
  • Craft: 265
  • LinkedIn: 281

How many vacancies

Robinhood  85 across all their teams, with many roles available in their Engineering, Operations, People, Legal, and Risk and Compliance divisions.

Stash: Just 10 for Stash, across their Engineering, Marketing, Operations, and Product teams.

Customer and employee satisfaction

Robinhood: 

  • Which?: N/A
  • TrustPilot: 5.3 but their data pool is only 4 reviews so take this with a teaspoon of salt.
  • Glassdoor: 4.2/5

Stash:

  • Which?: Nope
  • TrustPilot: 6.1 but only 1 review here so I guess we can take this one with like 3 teaspoons of salt? Or a tablespoon? Let’s just go with a tablespoon.
  • Glassdoor: 4.3/5

Current valuation

Robinhood:

  • Crunchbase: 8 funding rounds totalling $539m
  • Craft: total valuation of $5.6bn and counting…

Stash:

  • Crunchbase: 7 funding rounds $181.3m
  • Craft: no information available, I would do the maths but I’m not very good at maths.

Number of leads on TT

Robinhood: Taking the lead with nine.

Stash: Six for Stash, not too far behind.

Tell your candidate…

…that Robinhood have some seriously cool artwork on their walls. Highlights include astronaut cats, cats in a speedboat, and a DJing racoon. If that doesn’t win you over, well then you need to reexamine your priorities, but they do also offer health & wellness benefits, parental leave benefits, and – our old favourite – catered meals and a fully stocked kitchen. Plus it’s a noble cause, it’s like they’re taking from the rich and giving to the not so rich, or something like that.

… that Stash are ‘on a mission to give financial opportunity to all’ and that in order to do so they need ‘great people’. Don’t you want to be great people? Don’t you want Stash to be proud of you? Go on, take the role, take it. If you do, you’ll get equity in Stash, Thursday happy hours, catered Friday lunches, and, most importantly, a learning & development stipend. Stash really loves their learning.

Maybe don’t tell your candidate…

…that not everybody thinks Robinhood’s purposes are quite so noble. One particularly scathing article entitled ‘The Robinhood App is a Very Nice-Looking Way to go Broke’ decries the ‘friendly and intuitive nature’ of the app as an encouragement for the masses to take their ‘rightful piece of corporate America’s moral rot’. Forget it mate, it’s Wall Street. Well, actually, it’s Silicon Valley but same difference.

… that one former employee claims that Stash’s culture is not, in fact, one of learning, but one of BS. BS that comes straight from the top and contaminates the whole company. That the senior management are ‘non-technical finance bros who have no idea what they are doing’, that ‘goals become meaningless’, and that you’ll be deprived in the compensation department and paid with dreams of billion dollar IPOs. Chill out, bro.

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Who wins the company war, Robinhood or Stash?

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