Robinhood buys recruiting firm Binc
March 16, 2021
Robinhood said on Monday it would purchase enlisting firm Binc for an undisclosed sum, adding in excess of 80 representatives to help the U.S. online brokerage recruit talent.
“The expansion of Binc will twofold the size of our selecting association, assisting us with scaling our group to more better serve our clients,” Robinhood said in an articulation.
Robinhood has arisen as a door for novice brokers testing Wall Street speculative stock investments and has seen a fleeting ascent in volumes as of late. Robinhood said it was effectively employing across its US workplaces and remote areas.
Binc presented a statement on its site on Monday that said, “We are eager to share the news that the whole Binc group has joined Robinhood. Thusly, Binc will presently don’t be accessible to provide recruiting services.”
The San Francisco-based enlisting firm has been in activity for a very long time.
As we venture forward, we become one with the Robinhood enlisting group to accept on our most prominent opportunity and challenge yet,” Binc’s assertion said. “To build the recruiting group of things to come, with individuals, incorporation and execution at its center. We anticipate assisting Robinhood with democratizing finance and bring financial access and strengthening to the world at large.”