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Robinhood delivers cash now
Special delivery // Illustration by Kate Walker
The brokerage has partnered with GoPuff to deliver cash to your doorstep… for a fee.
The Big Score: All year, Robinhood has been diversifying its services in an effort to improve profitability and become a comprehensive financial manager for young customers. If this latest venture takes off, the company could start driving defections from major banks with brick-and-mortar locations.
Between the Bands: Robinhood will soon roll out the delivery service in several major US cities, with more to follow in the coming months.
It plans to deliver cash in a sealed bag straight to your door, charging a $7 delivery fee (or $3 if you’ve got over $100,000 worth of assets invested with Robinhood).
To use the service, users must have a $5/month Robinhood Gold subscription and at least $1,000 in monthly direct deposits into their Robinhood accounts.
Recipients will also need to confirm their identity with a code before the package can be delivered.
Cashing out: As Robinhood continues expanding into every corner of personal finance, this move could give the brokerage a real edge over legacy banks. The company’s stock has had a strong but volatile year, so proving it can successfully diversify its services would help solidify that momentum.
Prediction: Look out for older and more established banks to start offering cash delivery — if the practice proves secure.
Together with Vanta
State Of Trust: AI-Driven Attacks Are Getting More Sophisticated
AI-driven attacks are getting bigger, faster, and more sophisticated — making risk much more difficult to contain. Without automation to respond quickly to AI threats, teams are forced to react without a plan in place.
This is according to Vanta’s newest State of Trust report, which surveyed 3,500 business and IT leaders across the globe.
One big change since last year’s report? Teams falling behind AI risks — and spending way more time and energy proving trust than building it.
61% of leaders spend more time proving security rather than improving it.
59% note that AI risks outpace their expertise.
But 95% say AI is making their security teams more effective.
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Today’s email was written by Luke Perrotta.
Edited by Nick Comney. Polled and Copy-edited by Kait Cunniff.
Published by Darline Salazar.