Robinhood will sponsor the American professional basketball team Memphis Grizzlies as the official jersey patch partner. This partnership, set to begin in the 2024-25 NBA season, will place the fintech giant’s logo on the Grizzlies’ uniforms. According to the club, this multi-year deal features Robinhood across the Grizzlies' ecosystem, from baseline court ads to social media and during broadcasts.

Investing and Jersey Partner

Commenting about the sponsorship deal, Ted Roberts, Grizzlies’ Vice President of Partnership Marketing, said: “Today, we're excited to announce that Robinhood Markets, a progressive leader in financial services, will be the official investing and jersey entitlement partner of the Memphis Grizzlies. Never settling and challenging the status quo are characteristics of our organization and fans, and in Robinhood, we have found a perfect match.”

This partnership extends beyond financial services and basketball. The Grizzlies and Robinhood are reportedly working together to give back to the community. In the kickoff event, employees from both organizations collaborated on the "Grizz Take Action Day of Service," partnering with Meals of Hope to package 60,000 meals for the Memphis community.

a new jersey patch partner for the future.@robinhoodapp pic.twitter.com/6z0vw9pDQd

— Memphis Grizzlies (@memgrizz) September 19, 2024

"Robinhood is proud to be home to a new generation of investors. We see the Grizzlies Grit and Grind spirit in our customers, and it's something we embody as a company to deliver some of the most innovative products in the industry. As Robinhood grows our NBA footprint, this partnership is a natural fit and will bring us into the world’s most famous arenas - at home and on the road,” Michael Goodbody, Robinhood’s VP of Marketing and Communications, added.

Expect ongoing updates as this story evolves.