CHARLOTTE, N.C. — California-based stock trading firm Robinhood is expanding operations to Charlotte which will create nearly 400 new jobs in Mecklenburg County, North Carolina Governor Roy Cooper announced Tuesday.
The company 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, which was founded in 2013, is known for pioneering commission-free trading with no account minimums, lowering the barriers for millions of investors to participate in the financial markets primarily through a mobile app.
“If they can make it less expensive for people to get involved, then that’s a good thing,” explained Michael Baker.