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The App that allows anyone to Buy and Sell Stocks without fees.

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The App is called ‘Robinhood’ and its co-founders Baiju Bhatt and Vlad Tenev want everyone in the stock market not to pay any broker or get charged for each trade.

Robinhood recently got $110 million in Series C funding. It’s valued at about $1.3 billion and its user base is made up mostly of young Americans.

 “There’s a lot of wealth being created on Wall Street and it was coming to the top 1%,” Vlad told CNNMoney. “The name Robinhood is very aspirational to us because it’s a little bit rebellious.

Both Baiju and Vlad are the children of immigrants. Vlad’s family emigrated from Bulgaria, and he moved to the U.S. when he was five years old. They met at Stanford University where they became friends and eventually roommates.

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