Press

 

BUSINESS WIRE | APRIL 3, 2018

DriveWealth Raises $21 Million Series B Funding to Empower Companies to Shape the Future of Investing "DriveWealth’s suite of APIs provides technology designed to modernize financial services for the digital age. The Company’s cloud-based infrastructure offers powerful scaling and pricing efficiencies enabling its global partners – including online brokers, digital advisors and mobile online financial services companies – to seamlessly access the U.S. securities market..."

 

FINOVATE | AUGUST 26, 2016

DriveWealth Adds Real-Time Margin “Margin calls – the “friendly” tap on the shoulder from your brokerage that means (a) you having a losing investment position and (b) your broker needs more capital to cover it – are the bane of every trader and investor who uses leverage. But for those on the DriveWealth platform, the technology’s new real-time margin feature all but makes traditional margin calls a thing of the past...”

 

THE WALL STREET JOURNAL | OCTOBER 31, 2014

Going Mobile: a User’s Guide to Investing Apps “In a world where there are mobile apps for shopping, dating and identifying constellations in the night sky, it was inevitable that Wall Street would bring managing money to the smartphone.A growing array of apps makes it possible to track your investments, allocate assets and trade—in real time, anywhere…”

BUSINESS INSIDER | APRIL 3, 2018

Steve Cohen's VC firm led a $21 million investment in a startup that wants to power free stock trading "DriveWealth, a company building technology to bring the cost of investing to zero, has landed $21 million in an investment round led by four investors including the venture unit of Steve Cohen's Point72. The New Jersey-based company announced Tuesday the Series B fundraise led by Point72 Ventures, SBI Group, Raptor Group, and Route 66 Ventures, a previous investor in the company..."

 

YAHOO! FINANCE | AUGUST 10, 2016

DriveWealth Launches New APIs For Investment Advisors “The wealth management set of APIs will help advisors build portfolios for their clients. It will also allow them to use real-time fractional shares, so investors who want to risk less capital can take part in the markets. The APIs are available to both U.S. investment advisors and their international customers, enabling them to interact with U.S. equities. They're also available for both traditional registered investment advisors as well as robo-advisors..."

 

BARRON’S | AUGUST 9, 2014

New Mobile Stock Trading Apps for Millennials “Online brokers trying to create a new generation of customers have to face reality. “Younger investors are much more interested in managing their accounts using a mobile platform than older investors are,” notes Anneli LeFranc, a researcher at consulting firm Corporate Insight and primary author of a…”

BUSINESSLIVE | APRIL 25, 2017

SA’s Easy Equities to offer US stocks “Purple Group’s online investment platform, Easy Equities, is teaming up with US stockbroker DriveWealth to enable South Africans to buy US-listed stocks, such as Apple and Facebook...This comes as South African investors are looking to increase offshore holdings following the country’s credit rating downgrades. Passive investment manager Coreshares recently listed the first S&P 500 ETF on the JSE...”

 

BENZINGA | JUNE 6, 2016

DriveWealth Partners With CreditEase To Launch First Chinese Robo-Financial Management Tool “Through its partnership with DriveWealth, CreditEase is able to provide Chinese investors with globally diversified managed portfolios. ToumiRA incorporates US equities powered by DriveWealth into its streamlined global asset allocation strategy to make building a diversified global portfolio easy and hassle-free…”

 

NJBIZ | SEPTEMBER 8, 2014

On the rise: Tech firms gobbling up real estate “Robert Cortright has built three technology firms in the past 15 years — all focused on the finance sector — and the key ingredients haven’t changed much in that time…”