How they describe themselves: DriveWealth is first FinTech company with the regulatory licenses and the cloud/API based technology to offer access to the US equities market to mass retail investors worldwide. Our core technology is a mobile first, full stack platform that we offer to our B2B partners, to enable them to offer a native investing platform to their large customer bases. Our partners are both foreign regulated banks/brokerages or foreign Consumer Facing Digital Finance companies, including e-commerce companies, P2P lenders, retail data platforms and social investing platforms. We have launched or are in integration with partners aggregating over 500 million customers, principally in the emerging markets.
How they describe their product/innovation: DriveWealth is the first company to launch real time fractional share trading to our global customer base. We will enable customers to buy and sell US listed equities in fractions (going to 1/100th share) in the same manner and pricing as if they were trading round lot securities – all trades will be filled with best bid pricing, with fractional dividend payments, and full control over their securities in real time. No batching of trades, no limited trading windows, no hidden high fees. Our product will be dollar based investing worldwide, creating self directed portfolios using fractional, in a mobile, frictionless environment.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Bus. Dev.: Michael Fitzgerald, Head of Corporate Strategy, +1 973 816 2419
Press: Nicole Dugan, Strategic Marketing +1 973 559 6754
Sales: Mark Smedley, Head of Business Development, +1 973 532 5003