DriveWealth

OverviewSuggest Edit

DriveWealth was founded with the mission to democratize investing in the U.S. stock market by making it available to everyone, globally, at an affordable cost. Feature by feature, it has both removed and changed many of the limiting requirements typically invoked by legacy brokers, creating its own proprietary infrastructure that allows investors to purchase securities without minimum account balances, high transaction costs, or full share quantities. The Company provides this innovative investing technology and its own customizable suite of APIs to partners all over the world.

TypePrivate
HQChatham, NJ, US
Websitedrivewealth.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Oct 2021)210(+9%)
Cybersecurity ratingBMore
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Key People/Management at DriveWealth

Robert Cortright

Robert Cortright

CEO

DriveWealth Office Locations

DriveWealth has an office in Chatham
Chatham, NJ, US (HQ)
97 Main St
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DriveWealth Financials and Metrics

Summary Metrics

DriveWealth total Funding

$86.1 m

DriveWealth latest funding size

$56.7 m

Time since last funding

a year ago

DriveWealth investors

DriveWealth's latest funding round in October 2020 was reported to be $56.7 m. In total, DriveWealth has raised $86.1 m
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DriveWealth Operating Metrics

Oct, 2020

Countries Covered

153
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DriveWealth Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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DriveWealth Online and Social Media Presence

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DriveWealth News and Updates

DriveWealth joins forces with Mexico's GBM

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today announced a partnership with Grupo Bursátil Mexicano (GBM), the leading investment platform and brokerage firm that is transforming the investing landscape with the mission of democratizing investing in Mexico.

DriveWealth secures $450 million to push the boundaries of retail investing

Summary List PlacementThe Series D round pushes the API brokerage platform's valuation to $2.85 billion, and it will use the funding to make strategic acquisitions, per its press release. DriveWealth's API gives fintechs and financial institutions (FIs) the underlying infrastructure to offer fracti…

DriveWealth raises $450m

DriveWealth, a provider of API-based brokerage technology that enables partners to offer real-time access to the US equities market through fractional share trading, has closed a $450 million Series D funding round at a $2.85 billion valuation.

DriveWealth Raises $450M Series D Valuing The Company At $2.85B

CHATHAM, N.J., Aug. 20, 2021 /PRNewswire/ -- DriveWealth Holdings, Inc., a pioneer in fractional trading and embedded finance, today announced a $450 million Series D with a valuation of $2.85 billion, co-led by New York-based global private equity and venture capital investor Insight...

SoftBank-Backed DriveWealth Raises Capital at $2.85 Billion Value

Point72-Backed DriveWealth Raises Capital at $2.85 Billion Value

DriveWealth hires former eBay exec Harry Temkin as CIO

DriveWealth, a pioneer in fractional investing and embedded finance, is pleased to announce the hire of Harry Temkin as DriveWealth’s Chief Information Officer.
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DriveWealth Blogs

DriveWealth Partners with GBM to Close the Wealth Gap and Provide Affordable Access to U.S. Stock Market for New Investors in Mexico

DriveWealth democratizes U.S. investment opportunities for Mexican population through fractional trading technology DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today announced a partnership with Grupo Bursátil Mexicano...

DriveWealth 3Q21 Global Retail Trends Report Spotlights What’s Hot/Not Among Retail Investors Globally

Report reveals Big Tech remained on top, Crypto markets soared, and The Retail Investing (re)Evolution is here to stay DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today...

DriveWealth Named to the 2021 CB Insights Fintech 250 List of Top Fintech Startups

DriveWealth honored for achievements in the Asset Management category CB Insights today named DriveWealth, a pioneer in fractional investing and embedded finance, to the fourth annual Fintech 250, a prestigious...

DriveWealth Partners with Racional App to Provide Affordable Access to the U.S. Stock Market for Millennial and Generation Z Investors in Chile

DriveWealth technology democratizes U.S. investment opportunities for Chilean population DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today announced a partnership with Vector Capital Corredores de Bolsa SpA,...

DriveWealth Presented at Piper Sandler Global Technology Conference

This week, our President Julie Coin was pleased to present at the Piper Sandler Global Technology Conference, where she spoke about DriveWealth, our mission to democratize investing globally, our product...

DriveWealth Teams Up With UAE Fintech baraka to Expand Access to U.S. Securities for Millennial Investors

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today announced their partnership with baraka, the fintech startup on a mission to educate, enable, and empower retail investors in...
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DriveWealth Frequently Asked Questions

  • Who are DriveWealth key executives?

    DriveWealth's key executives are Robert Cortright.

  • How many employees does DriveWealth have?

    DriveWealth has 210 employees.

  • Who are DriveWealth competitors?

    Competitors of DriveWealth include FinFabrik, SprinkleBit and AdvisorEngine.

  • Where is DriveWealth headquarters?

    DriveWealth headquarters is located at 97 Main St, Chatham.

  • Where are DriveWealth offices?

    DriveWealth has an office in Chatham.

  • How many offices does DriveWealth have?

    DriveWealth has 1 office.