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Robinhood CEO on new credit card: We’re against additional fees

Trading platform Robinhood (HOOD) will be launching its first credit card — the Robinhood Gold Card, a premium card exclusive to Robinhood Gold members.

Robinhood CEO Vlad Tenev sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the company’s foray into the credit card space as it expands past being just an investment site:
“We care about… growing the ecosystem. When we look at customers that sign up for Gold, we see that they adopt our other products at a much higher rate. The average revenue that we generate as a business from these customers scales with the amount of value we’re giving them.”

Tenev goes on to detail Robinhood’s vision for its customer experience as it helps users not only trade equities, but also invest and save for their retirement.

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