DriveWealth
Founded Year
2012Stage
Series D | AliveTotal Raised
$550.8MValuation
$0000Last Raised
$450M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-8 points in the past 30 days
About DriveWealth
DriveWealth operates as a financial technology platform providing Brokerage-as-a-Service within the financial services industry. The company offers an application programming interface that allows partners to create and manage investment workflows, including traditional trading and options for fractional share ownership. DriveWealth serves banks, broker-dealers, asset managers, digital wallets, and consumer brands. 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 13 other companies, including Betterment, Wealthfront, and Marstone.
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 1 CB Insights research brief, 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
1,297 items
Wealth Tech
2,723 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
9,809 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
Nov 6, 2025
Raptor Group November 6, 2025 DriveWealth is committed to safeguarding our partners and their customers. We are pleased to announce that DriveWealth has secured Excess SIPC insurance to provide additional protection beyond the standard Securities Investor Protection Corporation (SIPC) coverage. Under this new protection: Up to $1 million in cash coverage per single account $50 million total coverage per single account $150 million aggregate coverage across all accounts This enhanced protection underscores our ongoing commitment to building trust, security, and resiliency into every aspect of our platform. With this milestone, DriveWealth partners can provide their customers with even greater confidence when investing in U.S. securities. Building a Broader Foundation of Safety Excess SIPC coverage builds on our recent expansion of FDIC insurance coverage, ensuring that both cash and securities held through DriveWealth benefit from some of the highest levels of protection in the industry. Together, these measures reflect our mission to provide a secure, resilient foundation for global investing.
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, Accel, Insight Partners, SoftBank and 13 more.
Who are DriveWealth's competitors?
Competitors of DriveWealth include Apex Fintech Solutions, lemon.markets, Borderless, Zopa, Stash 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 operates as 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, application 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 provides wealth technology and digital investing services within the financial services industry. The company offers a cloud-based system that includes tools for account opening, trading, clearing, and custody, as well as solutions like rebalancing and direct indexing. Apex Fintech Solutions serves wealth management firms, broker-dealers, banks, and fintech startups with its range of digital solutions. It was founded in 2012 and is based in Dallas, Texas.
GTN serves as a financial technology company providing embedded finance solutions, integrated trading platforms, and digital wealth management services. The company operates within the fintech, brokerage, and wealth management sectors. GTN was formerly known as Global Market Access Network. It was founded in 2000 and is based in Dubai, United Arab Emirates.
Upvest provides an Investment application programming interface (API) for building investment experiences. It offers services such as account creation, trade execution, and digital reporting. Financial institutions can use these services to provide a range of investment products, including stocks, mutual funds, and cryptocurrencies. Its primary clients are in the financial services sector, such as wealth management and trading platforms. Upvest was formerly known as Tokn. It was founded in 2017 and is based in Berlin, Germany.
Acorns focuses on microinvesting in the financial services industry. It offers services that allow customers to invest spare change from everyday purchases into a diversified portfolio of index funds. It primarily sells to individuals looking to start investing in small amounts. The company was founded in 2012 and is based in Irvine, California.
Public is an investing platform that offers a diverse range of financial products across multiple asset classes. The company provides tools for trading stocks, options, and cryptocurrencies, as well as investing in bonds, ETFs, and treasuries, complemented by high-yield cash accounts and tailored investment plans. Public also integrates AI-powered data and analysis into the investment experience, fostering a community-driven environment for sharing insights and educational content. Public was formerly known as TapX Trading & Analytics. It was founded in 2019 and is based in New York, New York.
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