DriveWealth
Founded Year
2012Stage
Series D | AliveTotal Raised
$550.8MValuation
$0000Last Raised
$450M | 4 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+9 points in the past 30 days
About DriveWealth
DriveWealth is a brokerage-as-a-service company operating in the financial technology sector. The company offers a technology platform that enables fintech and established companies to provide securities trading and investment services, including self-directed trading, advisory, and institutional services. DriveWealth's APIs facilitate the integration of financial services into partners' platforms, allowing for features like fractional share investing and regulatory compliance. It was founded in 2012 and is based in New York, New York.
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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 3 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
1,270 items
Wealth Tech
2,617 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
9,466 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
Apr 8, 2025
iShares Mortgage Real Estate ETF (BATS:REM) Shares Sold by Commonwealth Equity Services LLC Posted by MarketBeat News on Apr 8th, 2025 Commonwealth Equity Services LLC decreased its holdings in iShares Mortgage Real Estate ETF ( BATS:REM – Free Report ) by 5.0% in the 4th quarter, HoldingsChannel reports. The firm owned 16,296 shares of the company’s stock after selling 858 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares Mortgage Real Estate ETF were worth $348,000 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in REM. Clarity Financial LLC increased its holdings in iShares Mortgage Real Estate ETF by 91.0% during the 4th quarter. Clarity Financial LLC now owns 209,292 shares of the company’s stock worth $4,468,000 after purchasing an additional 99,699 shares during the period. Barry Investment Advisors LLC grew its position in shares of iShares Mortgage Real Estate ETF by 0.9% during the fourth quarter. Barry Investment Advisors LLC now owns 142,732 shares of the company’s stock worth $3,047,000 after buying an additional 1,241 shares in the last quarter. Drive Wealth Management LLC increased its stake in shares of iShares Mortgage Real Estate ETF by 135.6% during the fourth quarter. Drive Wealth Management LLC now owns 99,396 shares of the company’s stock worth $2,122,000 after buying an additional 57,202 shares during the period. MML Investors Services LLC raised its holdings in iShares Mortgage Real Estate ETF by 11.1% in the third quarter. MML Investors Services LLC now owns 88,097 shares of the company’s stock valued at $2,091,000 after acquiring an additional 8,782 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in iShares Mortgage Real Estate ETF by 12.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 59,281 shares of the company’s stock worth $1,266,000 after acquiring an additional 6,784 shares during the last quarter. Get iShares Mortgage Real Estate ETF alerts: iShares Mortgage Real Estate ETF Stock Down 4.5 % BATS REM opened at $19.79 on Tuesday. The business’s 50 day moving average price is $22.81 and its 200 day moving average price is $22.63. The firm has a market cap of $573.91 million, a PE ratio of 10.71 and a beta of 1.38. iShares Mortgage Real Estate ETF Profile Want More Great Investing Ideas?
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 28 Liberty Street, New York.
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, FTX, Insight Partners, Accel and 12 more.
Who are DriveWealth's competitors?
Competitors of DriveWealth include lemon.markets, Alpaca, Tradier, Velexa, Stockal 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 is an application programming interface (API) for stock, options, and cryptocurrency trading, operating within the fintech and brokerage industry. The company provides APIs that facilitate algorithmic trading, app development, and investing features. Alpaca serves a range of clients, including fintech startups, digital wallets, broker-dealers, hedge funds, proprietary trading firms, algorithmic traders, robo-advisors, and crypto exchanges. It was founded in 2015 and is based in San Mateo, California.
Apex Fintech Solutions focuses on investing and wealth management tools within the financial technology sector. The company provides platforms, application programming interfaces (APIs), and services aimed at supporting investing and wealth management. Apex Fintech Solutions serves the financial technology (fintech), embedded finance, advisory, and institutional sectors. 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. 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.
Velexa offers an investing platform for financial institutions and companies in the financial services sector. Their offerings include tools that allow businesses to integrate investing services into their customer experiences. These solutions include platform technology and execution and post-trading services. It was founded in 2021 and is based in London, United Kingdom.
lemon.markets specializes in providing infrastructure for investment products within the financial technology sector. Its main offerings include a brokerage API that enables businesses to create customer-centric and compliant investment products, facilitating access to the stock market. Its infrastructure supports various functionalities such as account management, funding, order execution, custody, and tax reporting, all designed to enhance the financial well-being of end-users. It was founded in 2020 and is based in Berlin, Germany.
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