Robinhood’s imitators

are legion, according to PitchBook. About a one minute read.

Comment: and again we see one of Fintech’s key problems — barriers to entry are relatively low. So over time the market becomes fragmented and profits are eroded. Like my comments on Paytech, just how many stock trading apps do we need? And the only way they can attract business is to lower fees. Not a good business to be in.