DriveWealth

B2B financial technology for investment services

Jersey City, New Jersey, United States

About DriveWealth

DriveWealth provides a financial technology platform that allows various businesses, such as banks and digital wallets, to offer investment and trading services to their customers. Their main product is a set of APIs that partners can use to create both traditional investment processes and new methods, like allowing customers to invest spare change into fractional shares of stocks. What sets DriveWealth apart from its competitors is its focus on a B2B model, which enables a wide range of companies to easily integrate investment options into their existing services. The goal of DriveWealth is to make investing accessible and seamless for consumers through partnerships with other businesses.

Jersey City, New JerseyHeadquarters
2012Year Founded
$537.7MTotal Funding
SERIES_DCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Benefits

Insurance – Medical, Dental, Vision, Life, LTD & STD. HSA and FSA options.
Unlimited PTO
401k plan
Flexible working hours and work from home
Continuing education and conferences reimbursement
Fitness/Wellbeing reimbursement
Home Office stipend
Lunch program, snacks and beverages available in the office

Risks

Emerging fintech startups pose competition, potentially eroding DriveWealth's market share.
Intensifying regulatory scrutiny may increase compliance costs for DriveWealth.
Economic instability in key markets like Turkey could impact DriveWealth's growth.

Differentiation

DriveWealth pioneered fractional equities trading, setting it apart in fintech innovation.
The company offers Brokerage-as-a-Service, enabling seamless integration for diverse financial partners.
DriveWealth's API-based platform supports innovative investment techniques like purchase rounding.

Upsides

DriveWealth secured $450M to accelerate global expansion and enhance technology.
Partnerships with firms like Papara expand DriveWealth's reach in emerging markets.
Growing demand for embedded finance aligns with DriveWealth's API-based solutions.