Tannor Manson

Tannor Manson inquired about Robinhood's broader capital allocation strategy for international expansion, specifically whether they plan to pursue licenses organically or through acquisitions.

Answer

CFO Shiv Verma stated that Robinhood will use both organic (e.g., U.K., E.U.) and non-organic (e.g., WonderFi acquisition in Canada) approaches for international expansion, prioritizing speed to market and ROI. CEO Vlad Tenev added that they avoid stapling platforms or massive infrastructure integration projects, focusing on acquiring great assets and teams with complementary technologies (like Bitstamp) rather than duplicative stacks.