DriveWealth
Founded Year
2012Stage
Series D | AliveTotal Raised
$550.8MValuation
$0000Last Raised
$450M | 2 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+10 points in the past 30 days
About DriveWealth
DriveWealth offers a global brokerage platform. It provides a finance application programming interface (API) that enables global fintech, brokers, and advisors to access the United States securities market. The company was founded in 2012 and is based in Jersey City, New Jersey.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
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 involves the provision of automated and algorithm-driven 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…
DriveWealth named as Leader among 5 other companies, including Fint, InvestSuite, and Surmount AI.
DriveWealth's Products & Differentiators
DriveWealth Brokerage Platform
The ONLY cloud-based, API-driven brokerage infrastructure platform providing a complete, turnkey B2B solution. The platform will power everything from customer onboarding to investing and trading, through statements, tax reporting, proxy and prospectus.
Research containing DriveWealth
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned DriveWealth in 8 CB Insights research briefs, most recently on Nov 17, 2022.
Oct 5, 2021 report
The Fintech 250: The Top Fintech Companies Of 2021Oct 5, 2021 report
The Fintech 250: The top fintech companies of 2021
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 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,227 items
Wealth Tech
2,284 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
8,086 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
91 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 250
499 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
DriveWealth Patents
DriveWealth has filed 2 patents.
The 3 most popular patent topics include:
- Derivatives (finance)
- Financial markets
- Investment
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
Aug 16, 2023
In an exclusive with Axios, small-business-banking startup Bluevine discusses its potential IPO plans. This is notable as the IPO market has started to reopen, and some fintech companies — which have been hit particularly hard in public markets — are working up the courage to cautiously peer back in. Stock-trading startup DriveWealth is also weighing an IPO listing in the same time frame. { "When you look at our scale and the pace of growth, and as we approach going public, I think we would be in a position where we could become profitable,' Lifshitz says of his IPO timeline.
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, SoftBank, Greyhound Capital, Flight Deck and 11 more.
Who are DriveWealth's competitors?
Competitors of DriveWealth include Tradier, Stockal, lemon.markets, Atomic, Alpaca and 7 more.
What products does DriveWealth offer?
DriveWealth's products include DriveWealth Brokerage Platform and 2 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare DriveWealth to Competitors
Alpaca operates as an application programming interface (API) stock brokerage company for developers and bots. It monitors stocks and enters buy and sell orders manually by introducing a commission-free trading platform for individuals to easily use algorithms, trading bots, and artificial intelligence. It was founded in 2015 and is based in San Mateo, California.
Upvest enables businesses to build investment experiences, tailored to the customers’ needs. The company offers an investment application programming interface (API), digital infrastructure, and customized investment products. Upvest was founded in 2017 and is based in Berlin, Germany.
eToro provides a social trading platform for cryptocurrencies. It allows users to invest and enhance their financial education. The company's platform helps users and traders to trade different asset classes such as stocks, options, and more. It also allows users to copy the trading patterns of other traders. The company was founded in 2007 and is based in London, United Kingdom.
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 provides an investing technology platform that empowers financial institutions and disruptive players to capitalize on the demand for modern and embedded investing experiences. The company's solutions make it easy for any business to launch investing services and products that can be seamlessly integrated. The company was founded in 2021 and is based in London, England.
lemon.markets offer a platform that provides frictionless trading, reliable market data, and a developer community. It was founded in 2020 and is based in Berlin, Germany.
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