DriveWealth - News, Articles & Research

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.

23 August 2021

Company announcement/people

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.

18 August 2021

Company announcement/markets

DriveWealth teams up with YieldX on target yield ETFs

DriveWealth, a leading global brokerage infrastructure platform, today announced the planned launch of a new lineup of yield-focused fixed income ETFs, providing retail investors alternatives to low yielding cash accounts.

27 July 2021

Company announcement/crypto

Templum to utilise DriveWealth clearing and custody for digital asset trading platform

DriveWealth, LLC, a leading global brokerage infrastructure platform, today announced its partnership with Templum, Inc., a provider of next-generation capital markets infrastructure for alternatives and private securities.

08 April 2021

Company announcement/wealth

DriveWealth connects with Plaid

DriveWealth, LLC, a leading global brokerage infrastructure platform, today announced a partnership with Plaid, a data network powering the digital financial ecosystem, that enables mutual customers of the companies to simplify online investment account funding via one API integration.

30 March 2021

Company announcement/wealth

Y Cominator-backed Alinea integrates with DriveWealth API

DriveWealth, LLC, a leading global brokerage infrastructure platform, today announced their partnership with Alinea, a Y Combinator-backed company, to offer the next generation of investors a personalized, educational investing experience. The Alinea team integrated with DriveWealth’s APIs in a record 34 days.

23 March 2021

Company announcement/wealth

Hemista taps DriveWealth to offer fractional robo-investing to non-resident Indians in the US

DriveWealth, LLC, a leading global brokerage infrastructure platform, today announced a partnership with Hemista, a first-of-its-kind cross-border robo-advisor, designed for the specific needs of Non-Resident Indians in the U.S.

09 March 2021

Company announcement/wealth

Aghaz selects DriveWealth to provide infrastructure for values-based investing app

DriveWealth, LLC, a leading global brokerage infrastructure platform, today announced a partnership with Aghaz Investments, a Seattle-based Robo- advisor that enables Muslim consumers to save for their financial goals by investing in companies that align with the values of Islam.

25 February 2021

News/markets

DriveWealth buys broker dealer to bring retail investing tech to Nyse floor

DriveWealth is set to bring its API-based brokerage technology for retail investors to the floor of the Nyse thanks to a deal to buy institutional broker dealer Cuttone and Company. Financial terms were not disclosed.

15 January 2021

News/wealth

DriveWealth lands $56.7 million Series C funding

DriveWealth, a provider of API-based brokerage technology that provides real-time access to the US equities market through fractional share trading, has raised $56.7 million Series C funding.

27 October 2020

Company announcement/wealth

DriveWealth partners INDmoney to bring US stock investing to India

DriveWealth, a U.S. based leader in global digital trading technology, announced today that the firm has partnered with INDmoney, an artificial intelligence (AI) and machine-learning based wealth management platform in India, to bring U.S. stock investing technology and capability to INDmoney clients.

21 May 2020

Company announcement/retail

DriveWealth partners with Access Softek to brings trading to credit union members

DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced it has forged an agreement with online and mobile banking software provider Access Softek, Inc.

19 May 2020