Robinhood is a financial services company and mobile app that offers commission-free investing and trading.
Robinhood's stated mission is to democratize finance for all, and the company's commission-free investing and trading has indeed revolutionized the brokerage industry. During just the first four months of 2020, the company added more than three million funded accounts. Since the beginning of the pandemic, the company has published articles on topics including how to invest in a down market and launched a video series to give users a rundown of the top financial news stories of the day.
Supports immigrants by making the process of sending money to their family members more transparent, straightforward, and cost-effective.
Despite being major economic contributors to the countries in which they live, many immigrants face significant barriers in accessing financial services. Remitly’s digital remittances product helps immigrants send money transfers to their loved ones all over the world, while its digital banking solution, Passbook, empowers immigrants to create bank accounts without social security numbers by accepting forms of official identification common to immigrants and their families. The company also works with Visa to enable customers to access their funds via Visa debit cards everywhere Visa debit cards are accepted. Remitly’s financial services products have been particularly important to immigrants and their families as the pandemic has interrupted things like traditional offline banking and remittances.
Provides mobile services for budgeting, finding work, building credit, and accessing cash advances to cover immediate expenses.
Dave's Side Hustle app feature helps customers find local, flexible work to cover immediate expenses; nearly 73 percent of customers use their cash advances to pay for groceries. After almost half of all customers reported that their income would be decreased or lost entirely because of the pandemic, Dave responded by quickly expanding its Side Hustle feature to include work-from-home options and adding millions of jobs across dozens of industries, including accounting, child care, and health care—helping customers earn more than $157 million in much needed income this year. The company also donated $250,000 to the Feeding America Covid-19 Response Fund.
Produces pasture-raised eggs and butter sold at Target and Whole Foods Market.
Matt O’Hayer had a history with eggs. He sold them from a cart when he was in college. After hearing his friend, Whole Foods co-founder John Mackey, talk about pasture-raised hen laying farms, O’Hayer went all-in, founding Vital Farms in 2007 with 20 humanely treated hens on 27 acres. Now the company processes and packs up to two million eggs a day from 200 farms, all of which must meet stringent standards for animal welfare and grazing practices. Vital Farms is also working towards developing a scalable method to avoid egg culling, the process of destroying male chicks that’s standard for most egg-laying operations. As at-home cooking surged, the company's emphasis on maintaining a clean pipeline free of harmful chemicals, including herbicides and pesticides, allowed it to adapt its production easily to sanitized pandemic conditions. Vital Farms, whose revenue is north of $140 million, has also donated over 1 million eggs to food pantries this year.
Makes it easier for people to eat healthy nutritious meals from seasonal produce, and makes sure its employees don't have to choose between a paycheck and their health--or their right to vote.
Before the pandemic, Sweetgreen's fastest growing business arm was its no-fee delivery service, which had become popular with office workers. When offices shut down, Sweetgreen pivoted and began delivering free, fresh, and healthy meals to hospital workers across the country. Within two weeks of launching the Impact Outpost initiative, Sweetgreen received more than 20,000 inquiries from people who wanted to help, so the company started a fund which has since helped to serve nearly 400,000 meals to more than 400 hospital partners nationwide. The company's partnerships with local vendors help sustain a network of regional farms, and just about every aspect of its operation is built with sustainability in mind. Sweetgreen's market research firm, for example, provides pro-bono research for local charities and gives back a percentage of profit from every project, its software development partner mentors aspiring entrepreneurs and volunteers at an inner-city high school, and the company's office furniture is purchased from an organization that hires individuals seeking a second chance. The company also provided up to 3 hours of paid-time-off for all hourly employees to vote on election day and to vote early, so team members do not have to choose between work and casting their vote.