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Cuttone & Company

cuttoneandcompany.com

Stage

Acquired | Acquired

About Cuttone & Company

Cuttone & Company is a New York-based institutional broker-dealer.On January 14th, 2021, Cuttone & Company was acquired by DriveWealth. The terms of the transaction were not disclosed.

Headquarters Location

11 Wall St Trading Floor

New York, New York, 10005,

United States

646.943.5400

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Latest Cuttone & Company News

FinTech: Fractional Trading Provider DriveWealth Snags $450M At $2.85B Valuation

Aug 24, 2021

DriveWealth’s Series D round was co-led by Insight Partners and Accel. DriveWealth last week raised $450 million in a Series D round co-led by New York-based global private equity and venture capital investors Insight Partners and Accel, with significant participation by Greyhound Capital, Softbank Vision Fund, and Series C lead Point72 Ventures. New investors including Base 10, FTX, and FlightDeck also participated. The round valued the fintech at a sizable $2.85 billion. ( DriveWealth) Drivewealth is one of the pioneers in fractional trading. It also allows its investment infrastructure to be embedded inside the applications of other fintech players through a financial API. Emerging and new investors, particularly retail, get access to US markets and can begin investing with minimal amounts as low as $1. It counts MoneyLion, Stake and Revolut among its clients. “We are in the early innings of a worldwide retail investing revolution,” said Bob Cortright, founder and CEO. “Our goal is for DriveWealth to be the partner of choice to deliver the embedded investing experience of the future.” The retail investing boom is for real. DriveWealth-powered trading volume in the first half of 2021 has already exceeded that of the entire 2020, according to Insider Intelligence. DriveWealth: Use of funds The firm will use the funds to cement its position as the preferred provider of embedded investing for digital wallets and brokerage apps globally. It will also use the funds to expand its products and services, hiring, technological development and self-clearing. “This new capital and investor engagement will accelerate our global expansion plans in order to become the world-class, exchange-like technology company that powers tomorrow’s investing products,” added Cortright. It may also use the funds for deal-making. In January, it acquired broker-dealer Cuttone & Company to enable clients to offer institutional-level trading services like direct access to the NYSE securities’ point-of-sale. Last month, DriveWealth made its ETF debut with the launch of two fixed income funds that seek to deliver a pre-determined level of yield while minimizing portfolio risk. First Name*

Cuttone & Company Frequently Asked Questions (FAQ)

  • Where is Cuttone & Company's headquarters?

    Cuttone & Company's headquarters is located at 11 Wall St, New York.

  • What is Cuttone & Company's latest funding round?

    Cuttone & Company's latest funding round is Acquired.

  • Who are the investors of Cuttone & Company?

    Investors of Cuttone & Company include DriveWealth.

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