Recovery Accelerates; Lenders Seek Guidance on AI; Robinhood to the Moon?

  • 2020 revenue up 245% YoY, driven by elevated consumer interest during pandemic lockdowns and, to some extent, stimulus payments.
  • The company was profitable in 2020, reporting a net income of $7.45Mn,up from a $107Mn loss in 2019.
  • Top line growth continued to accelerate, with 1Q21 revenue up 309% YoY to $522Mn
  • Robinhood earned 81% of its revenue from processing its users’ trades in 1Q21. Robinhood relies heavily on Citadel, generating 27% of total revenue from their PFOF partnership.
  • Robinhood’s bottom line took a hit in 1Q21, with a loss of $1.4Bn related to emergency fundraising caused by the meme stock trading frenzy’

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PeerIQ, a Cross River company, offers online Software as-a-Service risk analytics for owners and operators of consumer credit risk.

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PeerIQ Analytics Platform

PeerIQ Analytics Platform

PeerIQ, a Cross River company, offers online Software as-a-Service risk analytics for owners and operators of consumer credit risk.

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