DriveWealth celebrated as category leader with industry accolades from Deloitte, Forbes, CB Insights, more, during landmark year

Widespread industry recognition celebrates the firm’s growing global footprint and product innovation

NEW YORK, December 22, 2022–(BUSINESS WIRE)–DriveWealth, LLC, a global fintech investment platform and pioneer in fractional investing, today announced that after a milestone year of rapid global expansion, customer growth and product innovation, the company has been recognized for its achievements as the category leader that redefines investment through 10 of the most prominent industry awards. Each of these lists recognizes the world’s most innovative and influential businesses and includes:

• Product prices: DriveWealth recently partnered with Adaptive Financial Consulting to build a new proprietary order management system (OMS) to meet increased demand in the retail brokerage business. This high-throughput, low-latency OMS, leveraging Aeron technology, was recognized as the 2022 Best Collaboration/Alliance Initiative by Waters Technology’s American Financial Technology Awards.

“Our solutions are transforming the investment landscape and we are honored to see such positive industry recognition for our work,” said Bob Cortright, founder of DriveWealth. “DriveWealth’s significant global growth this year is directly attributable to the flexible scalability and customization of the platform’s APIs. We look forward to remaining the primary industry choice for fintechs looking to empower their clients with innovative investment solutions worldwide.”

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These industry accolades build on a number of milestones that DriveWealth achieved in 2022, including:

• Increased its global footprint: DriveWealth built on key partnerships in Europe (Bank of Georgia) and Asia Pacific (Toss Securities), as well as launching new partnerships in underserved markets such as Africa (Chipper Cash) and Latin America (Sproutfi) to expand affordable access to investment. In addition to notable new partnerships, DriveWealth expanded its global footprint by establishing presences in Singapore, London, Dublin, Lithuania and Brazil to support partners and retail investors globally.

• Strengthened its innovative range of services: DriveWealth’s Fracker^®, its proprietary OMS that has reinvented the retail investment experience for millions worldwide, was granted a patent by the US Patent and Trademark Office. In addition to launching two wholly-owned subsidiaries, DriveDigital and DriveLiquidity, to provide cryptocurrency capabilities to partners and their retail investors, the company launched its Developer Dashboard to enable developers to get free, instant access to the same resilient and scalable APIs as DriveWealth’s partners. access in a sandbox environment. Finally, the firm expanded its DriveAdvisory platform, a technology infrastructure solution that enables partners to fully integrate financial advisory products into their existing apps.

DriveWealth expects significant opportunities for growth in 2023, supported by results included in its proprietary DriveTrends report, which showed that digital commerce became increasingly popular this year among global Millennials even amid the 2022 market downturns – a trend expected to continue into 2023 .The study analyzed data from more than 12 million investors worldwide who trade fractions of US stocks through DriveWealth’s network of 100+ global partners, including MoneyLion, Revolut, Grupo Bursátil Mexicano (GBM) and Goalsetter, among others.

About DriveWealth

DriveWealth, a global fintech investment platform and pioneer in fractional equity trading, is a visionary technology company that empowers more than 100 partners worldwide to engage their clients by placing the markets in the palm of their hands. We believe the future is fractional, transaction-based and mobile. Every mobile device should be a gateway to access investment and savings products, services, advice and assistance for global citizens of all ages, wealth stages and levels of financial expertise. DriveWealth’s advisory support and cloud-based, modern technology platform allows partners to seamlessly deliver branded investment experiences to drive customer acquisition, loyalty, retention and revenue growth. For more information, visit drivewealth.com or connect with us on Twitter @DriveWealth or on LinkedIn.

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Contacts

Madison Perrott
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