Robinhood Co-Founder Baiju Bhatt Resigns as Chief Creative Officer

Baiju Bhatt, a co-founder of US-based retail trading app Robinhood Markets, Inc., has decided to parted ways with the company, to pursue other entrepreneurial interests. He will resign from the role of Chief Creative Officer.

"Since I helped found this company in 2013, Robinhood has been my life. For more than a decade, I have worked tirelessly to drive our mission to democratize the financial services industry for the betterment of society," said Baiju.

"Baiju and I have been co-founders for over 10 years and friends for over 20," said Vlad Tenev, CEO and Co-Founder of Robinhood. "His passion for entrepreneurship and commitment to our mission to democratize finance for all helped build Robinhood from a seed of an idea to the global public company it is today. Baiju played a pivotal role in opening access to the markets for millions of new investors, and I am grateful for all of his contributions to Robinhood over the last decade."

Baiju will reamin a member of Robinhood's Board of Directors.

"I look forward to remaining a member of the Robinhood Board of Directors and continuing to support our mission. I will have more to share about my next steps soon but know the future has never been so bright," he added.

This news came shortly after Robinhood announced the official launch of Robinhood Wallet​, its self-custody Web3 wallet, for Android users.