Financial Inclusion: Robinhood Teams Up with Amplify Latinx via Strategic Investment

Robinhood (NASDAQ:HOOD) recently teamed up with Amplify Latinx via an investment that celebrates their fifth anniversary and supports their ongoing work to uplift the Latinx community.

The Massachusetts-headquartered nonprofit Amplify Latinx aims to support Latinx communities by enhancing their economic power. This is done by “significantly increasing Latinx economic opportunity and leadership representation across sectors.” As they celebrate their fifth anniversary this year, Robinhood is announcing a partnership with this  organization.

Mary Elizabeth Taylor, Robinhood Markets VP of External Affairs and Community, stated:

“Our partnership with Amplify Latinx is an extension of our mission to democratize finance for all. Their work to uplift Latinx entrepreneurs, champion leadership opportunities for the Latinx community, and address systemic issues such as the Latina pay gap all reflect our commitment to breaking down barriers to wealth creation for so many.”

Rosario Ubiera-Minaya, Executive Director of Amplify Latinx, remarked:

“We are grateful to Robinhood for their generous support. This partnership will help us further our mission for equitable economic opportunity and upward mobility for Latinx in Massachusetts.”

Rosario added:

“As a demographic historically affected by systemic inequities, having resources and access to uplifting and promoting Latinx talent, and representation and creating opportunities for economic growth is crucial to the rebuilding and restructuring of our economy.”

As part of their commitment to working cooperatively with organizations that are building pathways to better financial futures and “promoting a more equitable financial system,” the Robinhood team is also collaborating with The Memorial Foundation and the National Bankers Association.

As covered last month, Robinhood has embraced the work from home (WFH) movement by making it permanent as the ongoing COVID health challenge and new technology combine to create the perfect storm to make centralized offices superfluous.

As reported in January, Robinhood confirmed that Steve Quirk is joining Robinhood Markets as its Chief Brokerage Officer. Robinhood writes in a blog post that Steve Quirk will be responsible for overseeing their broker-dealers, Robinhood Financial and Robinhood Securities, “effective January January 10, 2022.”

As their first-ever Chief Brokerage Officer, Steve will help the Fintech firm with scaling their products and services “efficiently and safely, so [they] can help more people begin their investing journey.”

As reported recently, Robinhood and Citadel Securities are asking a Florida federal judge to toss out investors’ repeated attempts to plead antitrust cliams against Robinhood and the financial services company for attempting (allegedly) to prevent investors from acquiring “meme stocks.”

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