Robinhood Plans Spending Account Service Alongside New Cash Card
- Details of upcoming Robinhood products discovered in app beta
- Company’s new card to offer cashback, spare change investing
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Robinhood Markets Inc. plans to launch a spending account feature alongside a new cash card with rewards, its latest push to grow beyond its core brokerage business.
Details of the Menlo Park, California-based company’s plans came from a beta version of the company’s iPhone app, which has previously revealed upcoming features. The information was found by developer Steve Moser and shared with Bloomberg News.