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DriveWealth

Provides API-based brokerage infrastructure for fractional stock trading.

Discussion
bankingfinancial-servicesfintechwealth-management

Company facts

Founded
2012
Employees
340
Headquarters
United States
CEO
Michael Blaugrund
Type
Private
Funding
Series D · $450M · 2021
Subsidiaries
Cuttone & Company

About

At DriveWealth, we are revolutionizing access to financial markets through groundbreaking technology. Our core mission is to democratize investing globally, empowering individuals and institutions alike by providing an innovative Brokerage-as-a-Service platform. We pioneered fractional share investing, a technological breakthrough that allows users to invest in U.S. equities with as little as $1, making portfolio diversification accessible to everyone, regardless of their net worth. Our robust, API-driven infrastructure enables a wide array of partners – including banks, broker-dealers, asset managers, digital wallet providers, and consumer brands – to seamlessly embed investment capabilities into their own offerings. This empowers them to deliver branded, cutting-edge financial services to their end clients across the US, Latin America, EMEA, and APAC regions. DriveWealth's technology platform is designed for both fintech innovators and established financial institutions, offering a modern, extensible, and flexible toolkit. This allows for the rapid development of diverse investment workflows, from traditional trading to innovative solutions like rounding up purchases into fractional share ownership. We provide a full-stack, cloud-based service that supports real-time fractional trading of U.S. equities, ETFs, mutual funds, fixed income, and options. Our system ensures instantaneous account opening, funding, and money movement, all while adhering to stringent regulatory and compliance requirements. By continuously advancing our technology, such as implementing ultra-low latency trading systems and exploring innovations like blockchain and AI, we strive to provide our partners with the best tools to navigate the evolving financial landscape and to foster financial independence for millions worldwide.

9 jobs

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