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
2,601 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
9,450 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
Mar 30, 2025
LPL Financial LLC Has $33.19 Million Position in Invesco International Dividend Achievers ETF (NASDAQ:PID) Posted by MarketBeat News on Mar 30th, 2025 LPL Financial LLC cut its holdings in Invesco International Dividend Achievers ETF ( NASDAQ:PID – Free Report ) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,812,536 shares of the company’s stock after selling 157,561 shares during the period. LPL Financial LLC owned approximately 4.12% of Invesco International Dividend Achievers ETF worth $33,188,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors also recently made changes to their positions in PID. HighTower Advisors LLC boosted its stake in Invesco International Dividend Achievers ETF by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 189,412 shares of the company’s stock worth $3,468,000 after acquiring an additional 563 shares in the last quarter. Drive Wealth Management LLC boosted its position in shares of Invesco International Dividend Achievers ETF by 2.9% during the 4th quarter. Drive Wealth Management LLC now owns 29,926 shares of the company’s stock worth $548,000 after purchasing an additional 844 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Invesco International Dividend Achievers ETF by 8.8% in the 3rd quarter. Captrust Financial Advisors now owns 12,079 shares of the company’s stock valued at $239,000 after buying an additional 981 shares during the period. Accel Wealth Management increased its position in Invesco International Dividend Achievers ETF by 1.6% in the 4th quarter. Accel Wealth Management now owns 62,422 shares of the company’s stock valued at $1,143,000 after buying an additional 1,003 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in Invesco International Dividend Achievers ETF by 12.3% during the 4th quarter. Stephens Inc. AR now owns 13,517 shares of the company’s stock worth $247,000 after buying an additional 1,483 shares during the period. 46.28% of the stock is owned by institutional investors and hedge funds. Get Invesco International Dividend Achievers ETF alerts: Invesco International Dividend Achievers ETF Stock Performance Shares of Invesco International Dividend Achievers ETF stock opened at $19.07 on Friday. The stock has a market capitalization of $839.08 million, a PE ratio of 18.94 and a beta of 0.94. Invesco International Dividend Achievers ETF has a 52 week low of $17.28 and a 52 week high of $19.99. The stock has a 50 day moving average price of $19.09 and a two-hundred day moving average price of $19.14. Invesco International Dividend Achievers ETF Increases Dividend 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, Greyhound Capital, Base10 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 integration. 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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