DriveWealth

DriveWealth

Global B2B brokerage API platform

Overview

DriveWealth provides a global Brokerage-as-a-Service (BaaS) fintech platform that lets banks, broker dealers, asset managers, digital wallets, and consumer brands add investing and trading to their offerings. It does this through APIs that partners integrate into their own products, providing a modern toolkit to support traditional investment workflows and newer ideas like rounding up purchases into fractional-share ownership. Compared with competitors, DriveWealth differentiates itself by its broad B2B focus and extensible API platform that enables a wide range of partner integrations, from traditional investment processes to micro-investing features, all under a scalable, partner-first model. The company's goal is to help partners embed investing experiences into their services and generate revenue by charging fees for access to its platform and services.

About DriveWealth

Simplify's Rating
Why DriveWealth is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

201-500

Company Stage

Series D

Total Funding

$552.8M

Headquarters

New York City, New York

Founded

2012

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Simplify's Take

What believers are saying

  • DriveWealth signed Ualá on March 11, 2026, expanding U.S. investing across Mexico.
  • DriveWealth announced IOL Privé on August 14, 2026, reaching affluent private-banking customers.
  • Kalshi integration on February 26, 2026 adds prediction markets and fresh monetization for partners.

What critics are saying

  • FINRA fined DriveWealth $1.1 million on June 30, 2026 for reporting failures.
  • SEC approved DriveWealth Institutional’s withdrawal on February 10, 2026, concentrating operations inside DriveWealth, LLC.
  • A future reporting or custody failure could trigger partner exits, regulator action, and franchise collapse.

What makes DriveWealth unique

  • DriveWealth powers embedded brokerage for Ualá, IOL Privé, InvestSky, and Kalshi in 2026.
  • Its fractional-equities infrastructure lets partners launch U.S. investing from $20 MXN transactions.
  • Naureen Hassan, Rohit Mahna, and Brad Roberts sharpen global distribution, revenue, and controls.

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Funding

Total Funding

$552.8M

Above

Industry Average

Funded Over

5 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$450M
DriveWealth

Benefits

Insurance – Medical, Dental, Vision, Life, LTD & STD. HSA and FSA options.

Unlimited PTO

401k plan

Flexible working hours and work from home

Continuing education and conferences reimbursement

Fitness/Wellbeing reimbursement

Home Office stipend

Lunch program, snacks and beverages available in the office

Growth & Insights and Company News

Headcount

6 month growth

↑ 2%

1 year growth

↑ 1%

2 year growth

↓ -1%
Analytics Insight
Sep 26th, 2026
Bullish coalition pushes real ownership for tokenized stocks.

Bullish coalition pushes real ownership for tokenized stocks. Bullish, Equiniti, Alpaca, Apex Fintech Solutions and DriveWealth formed a coalition to develop issuer-sponsored tokenized shares. The initiative aims to preserve shareholder rights. It also seeks stronger links between blockchain markets and traditional equities. Published on: 26 Sep 2026, 11:00 am Updated on: 26 Sep 2026, 11:00 am Bullish and Equiniti have launched the Issuer Sponsored Token Coalition alongside Alpaca, Apex Fintech Solutions and DriveWealth. The group wants tokenized public shares tied directly to companies' official shareholder registers. The coalition will work on standards, infrastructure and operating frameworks for issuer-sponsored tokenized securities. Its members also want blockchain-based securities to operate alongside existing capital markets. At the center of the initiative lies a key ownership issue. Some products marketed as tokenized equities may not give investors the same rights as traditional shares. Coalition targets shareholder rights in tokenized stocks. Under the coalition's proposed issuer-sponsored model, tokenized securities would connect directly with an issuer's authoritative shareholder register. That structure could preserve voting rights, dividends and corporate-action entitlements. As a result, investors holding qualifying tokenized securities could maintain the ownership protections associated with ordinary public shares. Blockchain technology would provide new infrastructure without separating shareholders from issuers. DriveWealth CEO Naureen Hassan said much of what markets currently describe as tokenized equity does not represent direct equity ownership. She said the coalition intends to address that gap. Hassan added that an issuer-sponsored model can retain voting rights and corporate-action entitlements while market infrastructure moves onchain. DriveWealth will help develop the model alongside the other coalition members. The coalition therefore centers its work on direct ownership rather than simply creating blockchain-linked exposure to listed shares. SEC framework shapes emerging onchain equity market. The coalition's launch follows the U.S. Securities and Exchange Commission's September 17 Innovation Exemption. The measure permits limited onchain trading involving U.S.-listed equities. Under the SEC framework, venues must verify that tokenized stocks provide holders with the same rights and privileges as their traditional equivalents. That requirement places shareholder treatment at the center of onchain equity development. The relief will remain available for five years. Meanwhile, the SEC is seeking public comments on how the framework should develop as tokenized markets expand. For the coalition, those requirements align with its issuer-sponsored approach. Members want tokenized shares connected to official company records rather than operating separately from established ownership systems. Bullish CEO Tom Farley said public companies should remain central to relationships with their shareholders. He also said market participants need to establish the right architecture as tokenization develops. Farley described tokenization as a way to turn static assets into more active and transparent digital shares. At the same time, he said existing market protections should remain part of the structure. Market infrastructure firms focus on interoperability. Alpaca will contribute infrastructure intended to connect traditional securities markets with onchain systems. The company already operates its Instant Tokenization Network for converting tokenized equities and traditional counterparts. Arush Sehgal, Alpaca's Head of Digital Assets, said tokenization creates new ways to connect issuers and investors. He also said shareholder protections must remain intact as those markets develop. Apex Fintech Solutions will contribute experience spanning issuers, broker-dealers and investors. Global Head of Digital Markets Travis McGhee said connective infrastructure will determine whether tokenized securities can scale. According to McGhee, tokenized markets need standards that preserve existing relationships and investor protections. Apex joined the coalition to help develop that infrastructure. Meanwhile, Equiniti and Bullish will work with the other participants on the wider standards and frameworks needed for issuer-sponsored securities. The coalition plans to address technical standards, operating structures and market connections as tokenized public securities develop. Its model keeps issuers linked to investors while blockchain infrastructure changes how shares can trade and settle. Final thoughts. The Issuer Sponsored Token Coalition aims to connect tokenized stocks directly with company shareholder registers while preserving voting, dividend and corporate-action rights. Its members will develop standards and infrastructure as the SEC's five-year framework opens limited onchain trading for U.S.-listed equities.

Fintech News
Sep 25th, 2026
Revolut data breach at DriveWealth follows impersonation incident.

Revolut data breach at DriveWealth follows impersonation incident. DriveWealth confirmed unauthorised access to its network on 4 and 5 September, adding to a separate impersonation case disclosed earlier in the month. Get the hottest Fintech Switzerland News once a month in your Inbox A data incident at US broker DriveWealth has affected Revolut customers, BeInCrypto reported. The broker has supported Revolut's US stock trading service. It is the second case involving Revolut customer data in September. Neither company has disclosed how many Revolut customers are involved. In a statement on its website, DriveWealth said unauthorised access to its network took place on 4 and 5 September. BeInCrypto reported that DriveWealth attributed the access to social engineering. Instead of breaking into software, this approach works by misleading people into handing over access or information. A Revolut spokesperson told The Irish Times that in the UK, the European Economic Area (EEA) and Australia, the incident involves older records from before Revolut changed how it runs US stock trading. In the EEA, including Ireland, this change took place in December 2023. The spokesperson said individual customer details in these markets have not been shared with DriveWealth since then, so more recent users there are not affected. According to BeInCrypto, the records may contain names and contact details, such as email addresses, phone numbers and postal addresses. They may also include employment information, citizenship, age, gender and partial DriveWealth account numbers. Earlier in September, a separate incident saw Revolut release sensitive data in response to requests from impersonators using a legitimate government email domain. Featured image: Edited by Fintech News Switzerland, based on image by Revolut via its website.

The West Australian
Sep 25th, 2026
Stake data breach exposes customer details after hack at partner DriveWealth.

Stake data breach exposes customer details after hack at partner DriveWealth. Andrew HedgmanNewsWire Thu, 24 September 2026 11:02PM The No. 1 source of news for every west australian. No lock-in contract / week for 8 weeks, billed weekly. Pay in advance Annual Digital Save $104! Billed as $312 per annum. Pay as you go Digital + Weekend Newspapers Billed monthly or quarterly. All access digital Daily Digital Edition Need help with a subscription? Call us at 1800 811 855

The Currency Analytics
Sep 25th, 2026
DriveWealth security breach exposes personal data of Revolut, Stake, and Hatch users.

DriveWealth security breach exposes personal data of Revolut, Stake, and Hatch users. Verified 26 votes Updated 7 hours ago A security breach at DriveWealth, a US brokerage infrastructure provider, hit customers of Revolut, Stake, and Hatch on September 4 and 5. Unauthorized access to personal data - and in some cases investment-related records - got through. The damage wasn't uniform across the three platforms. Discover more Compare Investment Apps Investment DriveWealth said the breach came from a social-engineering campaign. Someone talked their way into the systems, basically. The company confirmed the issue was contained and stressed that no unauthorized trades, transfers, or withdrawals happened as a result. But affected customers are now being warned about phishing and impersonation risks, since real personal data is floating around out there. What each platform lost. For Revolut users, the exposed data was older. The Currency Analytics is talking historical records - contact details, employment info, basic biographical data, and partial DriveWealth account numbers. Identity documents and payment details weren't touched. Revolut stopped sending new European Economic Area customer data to DriveWealth back in December 2023 when its operating model changed, so current EEA customers are probably clear. DriveWealth still acts as the clearing broker for Revolut Securities and Revolut Wealth in the US, so the relationship isn't fully severed - it's just narrower now. Stake and Hatch users got hit harder. Hatch customer records may include income ranges, cash balances, and total portfolio values. For Stake users, the exposed data covered tax status, country of taxation, DriveWealth account numbers, and overall portfolio summaries. That's a more detailed financial snapshot than what Revolut customers lost, and it's the kind of data that makes phishing attempts more convincing. Discover more Open Trading Account Compare Exchange Rates Investment Both Stake and Hatch confirmed their own internal systems weren't touched. The breach stayed inside DriveWealth's environment. Social engineering, not a hack. DriveWealth didn't get cracked through some sophisticated zero-day exploit. It's a social-engineering story - someone manipulated their way in. The company told its partners the incident was contained fast, and there's no sign of unauthorized financial activity. Still, "contained" doesn't mean the data disappeared. Once names, tax statuses, and portfolio summaries are out, they're out. Revolut was quick to clarify that the compromised records only covered older data, stuff shared before December 2023. That's a meaningful distinction - it means the breach doesn't reflect the current state of Revolut's customer base in Europe. Customers who signed up or updated their profiles after that model change aren't in this pool. Whether that's reassuring depends on how long you've been a Revolut customer, and the platform isn't specifying exactly how many people are affected. Stake and Hatch, for their part, said they're working with DriveWealth to tighten things up and prevent future incidents. No details on what that actually looks like in practice. Unclear whether any regulatory notifications beyond customer alerts are planned. Discover more Take Economics Courses Compare Exchange Rates Separate from the earlier Revolut incident. Worth being clear here: this DriveWealth breach is a different thing from the earlier Revolut incident that made headlines. In that older case, attackers used a compromised Italian government email account to fraudulently request information directly from Revolut. That breach involved the unauthorized acquisition of Know Your Customer documents and transaction records for roughly 680 Revolut customers. Different method, different data, different scope. The DriveWealth breach is broader in terms of platforms affected - three companies, not one. But the financial exposure so far seems limited to data theft rather than actual fund movement. DriveWealth is firm on that point. It's worth noting that brokerage infrastructure providers sit at a tricky intersection. They power the backend for multiple consumer-facing apps simultaneously, which means a single breach can ripple across platforms that have no direct relationship with each other. Revolut, Stake, and Hatch compete for similar users in some markets. They share a backend provider. And now they share a breach. Take Economics Courses Social-engineering attacks on financial infrastructure aren't new, and they're not going away. Regulators in multiple jurisdictions have flagged the risk for years. Whether DriveWealth faces any formal scrutiny over this incident hasn't been confirmed. Customers on all three platforms are being urged to watch for suspicious emails or messages that reference their real account details - because whoever accessed the data now has enough to make a phishing attempt look legitimate. Stake and Hatch users especially, given the financial data involved. DriveWealth confirmed no unauthorized financial activity was detected. Stake and Hatch confirmed their own systems were clean. Revolut confirmed the older-data-only scope of its exposure. And all three consumer platforms have pushed notifications to affected users. The breach dates: September 4 and 5. Frequently asked questions. What personal data was exposed in the DriveWealth breach for Revolut customers? Were Stake and Hatch customers' financial details exposed in the DriveWealth breach? Why it matters. This breach underscores the vulnerabilities that exist within the financial technology sector, particularly as companies increasingly rely on third-party service providers for brokerage and trading infrastructure. The incident not only raises concerns about the security of user data across multiple platforms but also highlights the potential risks associated with social engineering tactics, which can undermine consumer trust in digital financial services. As the crypto and broader financial markets continue to evolve, maintaining robust cybersecurity measures will be crucial for protecting user assets and sustaining market confidence. Trade Crypto Assets Community Trust Index High Confidence Real85% 15%Fake 26 community signals Post Views: 29

Gate.com
Sep 24th, 2026
Revolut discloses two data breaches via DriveWealth social engineering attack.

Revolut discloses two data breaches via DriveWealth social engineering attack. 2026-09-24 10:05:41 Key takeaways. * Revolut disclosed two data breaches this month after DriveWealth suffered social engineering attacks on September 4 and September 5. * The breaches compromised customer names, emails, ages, genders, citizenship information, postal addresses, and employment details. * The hacker published the "Italy Files" containing 680 crypto whales' data after ransom negotiations failed. UK bank Revolut disclosed that customer data was breached twice this month after its former third-party US broker DriveWealth suffered a social engineering attack on September 4 and September 5. The breach compromised names, emails, ages, genders, citizenship information, postal addresses, and employment details. The incident follows an earlier breach this month where hackers used an Italian government email to access Revolut's data. DriveWealth breach compromises customer profile data. Both Revolut and DriveWealth revealed the breach today. DriveWealth, which previously handled Revolut's US share trading, experienced unauthorized access to its systems on September 4 and September 5. The compromised data includes customer profile information such as names, emails, ages, genders, citizenship details, postal addresses, and employment information. The breach does not include data from affected European Economic Area customers past 2023. Neither Revolut nor DriveWealth disclosed how many users were impacted or provided details about the social engineering attack method. Revolut stated that core infrastructure, funds, and accounts were not impacted by the breach. Hacker publishes data after failed ransom negotiations. Ransom demands following the earlier email attack ranged from $760 million in BTC to $3 million in XMR. The hacker claimed that "negotiations didn't go as planned" and published the "Italy Files," which include data of 680 crypto whales. Journalist Jason Mikula noted that the hacker is selling the data at 10x cheaper than their ransom demand, suggesting "the group is struggling to monetize the data they have exfiltrated." The hacker is also reportedly offering impacted users, including Mt. Gox CEO Mark Karpelès, the opportunity to pay to prevent their information from being leaked. Faq. What data was compromised in the Revolut DriveWealth breach? The breach compromised names, emails, ages, genders, citizenship information, postal addresses, and employment details of Revolut customers. The breach does not include data from affected European Economic Area customers past 2023. What ransom demands did the hacker make after the Revolut breach? Ransom demands ranged from $760 million in BTC to $3 million in XMR. The hacker later published the "Italy Files" containing data of 680 crypto whales after claiming negotiations failed, and is now selling the data at 10x cheaper than the original ransom demand. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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