DriveWealth, LLC
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DriveWealth, LLC - overview
Established
2012
Location
Chatham, NJ, US
Primary Industry
Financial Services
About
Based in New Jersey, US, and founded in 2012 by Robert Cortright (CEO), DriveWealth, LLC is a fractional trading and embedded finance company. In 2020, DriveWealth, LLC raised USD 56. 7 million in series C funding led by returning investor Point72 Ventures, LLC, with participation from other returning investors. In August 2021, DriveWealth, LLC raised USD 450 million in series D funding co-led by Accel and Insight Partners, with participation from other investors.
DriveWealth, LLC provides an online trading platform that utilizes cloud-based API-driven brokerage infrastructure and enables users to access the global equity markets instantly. The firm also offers digital brokerage solutions to broker-dealers, advisors, and online partners worldwide through its proprietary investment platform. The firm plans to use the series D funding in August 2021 for the expansion of products and services, talent acquisition, and technology innovation, and to launch self-clearing and accelerate execution via strategic acquisitions and partnerships.
Current Investors
SBI Holdings, Raptor Capital Management, Route 66 Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial, Application Integration Software, Analytics & Performance Software, Accounting/Finance Software
Website
www.drivewealth.com
Verticals
Cloud Computing, FinTech, FinTech, Mobile Apps
Company Stage
Series D
Total Amount Raised
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