DriveWealth
Founded Year
2012Stage
Series D | AliveTotal Raised
$550.8MValuation
$0000Last Raised
$450M | 3 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-18 points in the past 30 days
About DriveWealth
DriveWealth operates in the financial services industry. The company provides solutions that enable investing experiences, offering services such as trading of equities, mutual funds, and US equity options, as well as investment in individual bonds. Its primary customers are financial technologists, brokers, and advisors worldwide. It was founded in 2012 and is based in Jersey City, New Jersey.
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ESPs containing DriveWealth
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The B2B robo-advisors market offers automated portfolio creation services to financial institutions, such as banks, wealth managers, and other financial advisors. The robo advisor-as-a-service market is driven by the growing demand for low-cost, automated investment solutions that can help individuals and institutions manage their portfolios more efficiently and effectively. These solutions need m…
DriveWealth named as Leader among 8 other companies, including Marstone, InvestSuite, and Quantec.
DriveWealth's Products & Differentiators
API infrastructure
DriveWealth offers a comprehensive range of investment products delivered through a single platform, which includes U.S. stocks, bonds, mutual funds, ETFs and local assets. By allowing global investors access to U.S. equities and international markets, DriveWealth fosters financial inclusivity through seamless API integration into partners’ existing platforms, providing end-users access to high-value investment options and real-time analytics.
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Research containing DriveWealth
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned DriveWealth in 4 CB Insights research briefs, most recently on Nov 17, 2022.
Expert Collections containing DriveWealth
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
DriveWealth is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Wealth Tech
2,528 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
9,304 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
108 items
The open banking ecosystem is facilitated by three main categories of startups including those focused on banking-as-a-service, core banking, and open banking startups (i.e. data aggregators, 3rd party providers). These are primarily B2B companies, though some are also B2C.
Fintech 100
499 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
DriveWealth Patents
DriveWealth has filed 2 patents.
The 3 most popular patent topics include:
- corporate finance
- derivatives (finance)
- financial markets
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
2/8/2018 | 8/30/2022 | Financial markets, Derivatives (finance), Share trading, Investment, Stock market | Grant |
Application Date | 2/8/2018 |
|---|---|
Grant Date | 8/30/2022 |
Title | |
Related Topics | Financial markets, Derivatives (finance), Share trading, Investment, Stock market |
Status | Grant |
Latest DriveWealth News
Nov 6, 2024
11 This license accelerates DriveWealth’s international expansion. Lithuania is already the third region where the company has the status of a financial intermediary, including the United States, Singapore and now the European Economic Area. The granting of this license contributes to DriveWealth’s ability to expand its platform to offer European titles, as well as provide uninterrupted services 24/7 across all time zones. The company’s branch in Lithuania, DriveWealth Europe UAB, is an integral part of DriveWealth’s international activities and development in Europe. “Obtaining this license from the Bank of Lithuania is an important milestone in our global development strategy. Thanks to Lithuania’s commitment to innovation, the well-established regulatory environment and the opportunity to make use of talented specialists working in the field of financial technology, Lithuania is the most suitable country to establish our European center. We look forward to starting to provide services from Lithuania and offering the DriveWealth platform to a wider range of customers,” says Michael Blaugrund, CEO of DriveWealth. DriveWealth continues to expand globally through partnerships with innovative companies in Europe, the UK, Asia and Oceania. With this latest license, DriveWealth intends to expand its services and introduce additional market-specific products in the future. “DriveWealth” is the first unicorn of investment and wealth management innovations (English “WealthTech”) attracted to Lithuania and has just received a license here. I believe that the name “DriveWealth” will help attract more global players in this field to Lithuania and further strengthen Lithuania’s position as a leading FinTech development center in Europe,” says Elijus Čivilis, CEO of Invest in Lithuania. in 2012 The established DriveWealth technology platform enables established businesses and new digital companies to provide securities trading services to clients efficiently and without breaching legislation. The license will allow DriveWealth to serve more customers and offer more opportunities to European users. DriveWealth is a global B2B (business to business). Business-to-Business) a financial technology platform whose main business is to provide financial intermediation services, providing investment and trading experience for digital wallets, financial intermediaries, asset managers and consumer brands. window.fbAsyncInit = function() {
DriveWealth Frequently Asked Questions (FAQ)
When was DriveWealth founded?
DriveWealth was founded in 2012.
Where is DriveWealth's headquarters?
DriveWealth's headquarters is located at 15 Exchange Place, Jersey City.
What is DriveWealth's latest funding round?
DriveWealth's latest funding round is Series D.
How much did DriveWealth raise?
DriveWealth raised a total of $550.8M.
Who are the investors of DriveWealth?
Investors of DriveWealth include Point72 Ventures, Fidelity International Strategic Ventures, Base10 Partners, FTX, Accel and 12 more.
Who are DriveWealth's competitors?
Competitors of DriveWealth include lemon.markets, Alpaca, Tradier, Stockal, GTN and 7 more.
What products does DriveWealth offer?
DriveWealth's products include API infrastructure.
Who are DriveWealth's customers?
Customers of DriveWealth include Toss, Revolut and Stake.
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Compare DriveWealth to Competitors
Alpaca offers an API-first brokerage platform that specializes in stock and crypto trading services. The company offers a suite of APIs that enable algorithmic trading, embedded fintech solutions, and the development of investing applications. It operates as a subsidiary of AlpacaDB. It was founded in 2015 and is based in San Mateo, California.
Apex Fintech Solutions provides investing and wealth management tools through an ecosystem of platforms, application programming interface (APIs), and services. The company offers a range of services including clearing and custody, advisory platforms, and cost basis and tax reporting, all designed to support the investment ecosystem. Apex Fintech Solutions primarily serves the financial technology industry, embedded finance, advisory services, and institutional clients. It was founded in 2012 and is based in Dallas, Texas.
Upvest is a financial technology company specializing in investment application programming interface (API) within the financial technology (fintech) sector. The company provides a platform for businesses to offer various investment experiences, including account creation, trade execution, and digital reporting, without the need for extensive backend infrastructure. Upvest primarily serves the financial technology industry. It was founded in 2017 and is based in Berlin, Germany.
Atomic specializes in financial services and investment management. The company provides a platform offering wealth management, savings accounts, fractional trading, and treasury management services. Atomic primarily serves fintechs, banks, and consumer-facing companies looking to integrate investing experiences into their products. Atomic was founded in 2020 and is based in San Francisco, California.
Bumped is an app that links to an user's credit or debit card and gives users fractional shares of stock at stores they shop at.
Velexa is a technology company that operates in the financial services sector, providing an investing platform as a service. The company offers a fully customizable API-based investing platform that provides global market access across all major asset classes and currencies. This platform is primarily used by financial institutions, including traditional banks, neobanks, fintechs, brokers, and private banks and wealth managers. It was founded in 2021 and is based in London, England.
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