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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
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series D
Total Funding
$552.8M
Headquarters
Jersey City, New Jersey
Founded
2012
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Simplify's Take
What believers are saying
- Naureen Hassan hired Rohit Mahna and Brad Roberts on April 1, 2026.
- IOL Privé launched on August 14, 2026, expanding DriveWealth into private banking.
- Kalshi's $100 billion annualized volume gives DriveWealth a high-engagement new asset class.
What critics are saying
- DriveWealth v. Interest Financial filed in 2025 creates costly distraction and discovery risk.
- Fractional brokerage commoditizes fast; Robinhood and WeBull already distribute similar products.
- If one major partner exits, DriveWealth's revenue concentration becomes an existential blow.
What makes DriveWealth unique
- DriveWealth powers Ualá Mexico stock investing on March 10, 2026.
- DriveWealth integrated Kalshi event contracts on February 26, 2026.
- DriveWealth serves 100-plus partners with API-first fractional brokerage infrastructure.
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Funding
Total Funding
$552.8M
Above
Industry Average
Funded Over
5 Rounds
Insight Partners
SoftBank
AccelIndustry standards
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
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%DriveWealth infrastructure powers IOL Privé digital private banking. DriveWealth's embedded investing platform is powering IOL Privé, a new digital-first private banking service targeting affluent investors. Renascence Newsdesk What happened. DriveWealth has announced that its brokerage infrastructure is powering the launch of IOL Privé, a new digital-first private banking experience aimed at affluent investors. The service positions itself as a technology-led alternative to traditional private banking, built on DriveWealth's embedded investing platform rather than a legacy in-house brokerage build. The announcement, carried via Business Wire, frames IOL Privé as a dedicated proposition for higher-net-worth clients who want investment access delivered through a digital-first interface, with DriveWealth supplying the underlying trading and account infrastructure. Why it matters. Private banking has traditionally been synonymous with relationship managers, paper-heavy onboarding and in-person service - the antithesis of a digital-first model. A launch that explicitly targets affluent investors through a digital-first experience signals that expectations in wealth services are converging with those in mainstream digital finance: instant access, self-serve control and slicker onboarding, without necessarily sacrificing the perception of exclusivity. For CX and behavioral-economics practitioners, this is a useful case study in how "premium" and "digital-first" are no longer treated as opposites. Affluent clients still expect status cues and personalised service, but increasingly want them delivered through the same frictionless, on-demand channels they use elsewhere. Getting that balance right - exclusivity without inconvenience - is now a core service-design challenge for wealth providers. The Renascence take. The headline detail here isn't the technology partnership itself, but what it implies about how "private" service is being redefined for a digitally fluent affluent segment. Most coverage of embedded-finance launches like this focuses on the infrastructure story - who built what for whom. The more interesting question for service leaders is behavioral: affluent clients are being offered fewer human touchpoints in exchange for more control and speed, and providers are betting that perceived exclusivity can survive that trade-off. It won't automatically. Digital-first private banking only feels "private" if the platform compensates for the missing relationship manager with sharper personalisation, proactive insight and visible signals of status - otherwise it just reads as a self-service brokerage account with a premium name attached. Operators building on embedded infrastructure should treat the interface, not the back-end technology, as the primary lever for maintaining the premium feel their affluent segment is paying for. This briefing was written by the Renascence newsdesk, synthesising reporting from the outlets below. Follow the links for the original coverage. Questions Renascence get on this topic. IOL Privé is a newly launched digital-first private banking service aimed at affluent investors, built on DriveWealth's embedded investing infrastructure rather than a traditional in-house brokerage system. More in Banking Stay ahead of CX Get the signal, not the noise. The stories shaping customer experience - plus the Journal and Experience Loom - in your inbox.
DriveWealth, a B2B brokerage-as-a-service platform, has partnered with IOL Group to launch IOL Privé, a Uruguay-based digital wealth management platform for high-net-worth investors. The service combines wealth advisory services with access to international investment opportunities and US investment accounts. IOL Group, with over 2 million customers and 25 years of experience, established itself as a leading investment organisation in the region. IOL Privé aims to simplify traditionally fragmented private banking experiences through a single digital platform with a dedicated app. The partnership expands DriveWealth's presence across Latin America, addressing growing demand for embedded wealth management solutions. DriveWealth CEO Naureen Hassan said the collaboration helps modernise private banking by delivering seamless investment experiences through trusted digital platforms.
DriveWealth named to CNBC World's Top FinTech Companies 2026 list. * July 22, 2026 * Press Releases Financial technology platform recognized for a third consecutive year, reflecting its continued global growth and innovation NEW YORK- July 22, 2026 - DriveWealth, a global B2B Brokerage-as-a-Service platform designed to make investing easier for partners and their customers, was recognized on the fourth edition of CNBC's "World's Top FinTech Companies 2026" list released today. The award is presented by CNBC and Statista Inc., the world-leading statistics portal and industry ranking provider, and recognizes DriveWealth for its global efforts to deliver innovative investing and financial services solutions to banks, brokerages, and fintechs, and their customers around the world. "Being named to CNBC's World's Top FinTech Companies list for a third consecutive year reflects DriveWealth's accelerated growth and continued commitment to power the future of global investing," said Naureen Hassan, CEO at DriveWealth. "This recognition comes at a pivotal moment, following our participation in DTCC's landmark tokenization initiative this month. It's proof that the newest capabilities in the market can be delivered with the same institutional rigor and platform stability our clients have counted on for years. We're proud to keep scaling innovation on behalf of our clients and the millions of investors they serve." The World's Top FinTech Companies list recognizes 250 companies across eight different market segments: Payments, Neobanking, Alternative Financing, Wealth Technology, Digital Assets, Enterprise Fintech, Insurtech, and Regtech. The segment-specific metrics were derived from publicly available data, including annual reports, company websites, and media monitoring across more than 2,000 companies. Over the past year, DriveWealth has significantly broadened its product suite with the addition of Alternative Asset Funds, Business Accounts for corporate entities, and an enhanced Fully Paid Securities Lending program, while bolstering consumer protection through excess SIPC insurance covering up to $50 million per account and excess FDIC insurance covering up to $1 million per customer. The company also expanded its global footprint, supporting an average of more than 6 million trades per day for its B2B partners worldwide and bringing U.S. equities investing to consumers in Mexico, Saudi Arabia and Turkey through new client relationships. DriveWealth clients Acorns, C6 Bank, Chipper Cash, Freetrade, Inter, Moneybox, MoneyLion, OnePay, Revolut, Step, and Uala were also recognized in CNBC's "World's Top FinTech Companies 2026" list. About DriveWealth DriveWealth is a global B2B financial technology platform. Its core business is providing Brokerage-as-a-Service, powering the investing and trading experiences for digital wallets, broker dealers, asset managers, and consumer brands. DriveWealth's APIs provide its partners with a modern, extensible and flexible toolkit to develop everything from traditional investment workflows to more innovative techniques like rounding up purchases into fractional share ownership. DriveWealth, LLC is a registered broker dealer, member of FINRA and SIPC. Visit legal.drivewealth.com for full disclosures. For more information, visit www.drivewealth.com. Discover more. * Jun 2026 * Press Releases * Apr 2026 * Press Releases * Mar 2026 * Press Releases Ready to get started? Connect with DriveWealth Holdings, Inc. and let's discuss how to empower your clients with modern, innovative products and solutions. Take control of your business using its Client dashboard to manage many of the "back office" investing functions.
Cash App Investing selects Apex Clearing as new provider, migrating from DriveWealth. 2026-05-29 14:02:55 Cash App Investing selected Apex Clearing Corporation as its new clearing and custody provider in May 2026, transitioning away from DriveWealth. The deal gives Apex access to Cash App's 59 million monthly transacting actives and 9.7 million Primary Banking Actives, which grew 18% year over year as of March 2026. Cash App will use Apex's AscendOS technology platform to support clearing, custody and trading infrastructure, with access to 24x5 trading capabilities and multiple asset classes. The migration reflects Cash App's need for real-time, API-first infrastructure to support product expansion and scale among millions of investors within the broader Cash App financial super-app ecosystem. 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. In-Depth Analysis
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About DriveWealth
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series D
Total Funding
$552.8M
Headquarters
Jersey City, New Jersey
Founded
2012
DriveWealth is Hiring for 23 Jobs on Simplify!
Find jobs on Simplify and start your career today