Financial services firm Robinhood has partnered with Amplify Latinx, a Massachusetts-based nonprofit organization working to increase economic opportunities for Latinos.
Through the collaboration between the two organisations, Robinhood Latino users will gain access to Amplify’s tools and resources, such as marketing support, a hotline and online resources.
Robinhood will provide Latino investors with access to investments and intern, the online trading provider will expand its Latino customer base.
Mary Elizabeth Taylor, the Vice President of External Affairs and Community at Robinhood Markets, 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.
Meanwhile, Rosario Ubiera-Minaya, an Executive Director of Amplify Latinx, added:
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. 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. We look forward to this partnership.
Robinhood recently reported a $423 million net loss in the fourth quarter of 2021 and a fall in demand.
