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Popular consumer savings app Digit to use DriveWealth’s brokerage platform to drive new investment opportunities

By December 2, 2020 No Comments

CHATHAM, N.J, December 2, 2020 – DriveWealth, LLC, a leading global brokerage infrastructure platform, today announced a partnership with San Francisco-based Digit, an all-in-one financial health app that enables consumers to put funds aside into an FDIC-insured account to reach a variety of financial goals, whether building a savings cushion for unexpected bills, intelligently paying off debt, or reaching long-term goals.

Through the partnership with DriveWealth, Digit has expanded its suite of financial health tools to offer members a variety of new long-term savings options. DriveWealth’s API-based brokerage platform will enable Digit members to save for retirement, matching members with the right type of IRA account and retirement portfolio so they are better prepared for their long-term financial needs.

“Since 2015, Digit has given consumers the ability to take more control of their finances in ways that were not readily available previously,” said Bob Cortright, founder and CEO of DriveWealth. “Our partnership with Digit comes at a time when consumers are exploring multiple ways to lead better financial lives. Digit’s members will now have ability to intelligently invest into a Roth or Traditional IRA in a way that’s convenient and through a platform that is simple to use.”

Digit’s own algorithm analyzes members’ income and spending patterns, looks at preset goals, and then intelligently moves funds to a retirement portfolio automatically. This capability is included in Digit’s $5/month membership.

“Digit has always worked hard to make financial health effortless for everyone, and this partnership with DriveWealth continues that pledge by making it simple for our members to invest and plan for retirement and set themselves up for a brighter future,” said Snigdha Kumar, Business Lead for New Products at Digit.

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About DriveWealth

DriveWealth is an API-driven global brokerage infrastructure platform powering both traditional and innovative investment experiences for more than 50 partners in over 150 countries. DriveWealth’s mission is to reshape the world of retail investing by enabling banks, global brands, and Fintechs to provide investment access and advice to underbanked and underserved customers that was previously only available to the wealthy. For more information, please visit drivewealth.com.

Media Contact: DriveWealth

Will Hernandez

drivewealth@backbaycommunications.com