DriveWealth
DriveWealth is a B2B Brokerage-as-a-Service platform that provides API-driven fractional share execution, custody, clearing, and compliance infrastructure to more than 100 banks, broker-dealers, neobanks, digital wallets, and consumer brands across 30+ countries.
- Company typePrivate
- Founded2012
- HeadquartersNew York, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What DriveWealth does
DriveWealth, founded in 2012 and headquartered in New York, operates a B2B Brokerage-as-a-Service platform that delivers full-stack brokerage infrastructure through a single API. The platform covers the entire trade lifecycle — onboarding and KYC/AML, account management, execution, clearing, custody, asset servicing, securities lending, and tax reporting — and supports equities, ETFs, mutual funds (including alternative offshore funds), fixed income, options, and prediction-market event contracts. Its technological anchor is the proprietary Fracker® fractional-share execution engine, patented in the US, Korea, Japan, and China, which enables dollar-based trading with eight-decimal precision at scale (peak capacity of 10 million trades per day, sub-1ms acknowledgments, sub-15ms final fills) and supports 24/7 access to US equities across global sessions.
The company sells exclusively to enterprises, deploying field-sales teams to banks, broker-dealers, asset managers, digital wallets, neobanks, and consumer brands across more than 30 countries. Pricing is a bundled all-in-one BaaS model (managed services combined with transaction-based fees), and the platform operates as a registered broker-dealer under FINRA, SIPC, and EU/Singapore regulatory regimes. The 100+ named institutional partner base includes Revolut, Walmart's OnePay, MoneyLion, Toss Securities, Stake, BTG Pactual, Navy Federal Financial Group, BtcTurk, Chipper Cash, InvestSky, and Ualá.
Revenue is generated through bundled platform/service fees charged to partners and transaction-linked fees, supplemented by fully paid securities lending yield, execution services to broker-dealers, and the crypto-related subsidiaries DriveDigital (exchange) and DriveLiquidity (algorithmic trading). The company is privately held, last valued at $2.85 billion (Series D, $450 million raised in August 2021), has reported 185% revenue growth over two years including 76% YoY in 2025, and has signaled intent to pursue a public listing.
DriveWealth firmographics
Firmographics- Name
- DriveWealth
- Legal name
- DriveWealth, LLC
- Website
- https://drivewealth.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- DriveWealth is a B2B Brokerage-as-a-Service platform that provides API-driven fractional share execution, custody, clearing, and compliance infrastructure to more than 100 banks, broker-dealers, neobanks, digital wallets, and consumer brands across 30+ countries.
- Ownership category
- akta.pro rank
DriveWealth industry classification
Industry- Product category
- Brokerage-as-a-Service Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG)
Keywords
Where DriveWealth is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
DriveWealth business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Brokerage-as-a-Service Platform Licensing: DriveWealth provides its B2B partners (banks, fintechs, digital wallets, consumer brands) with API access to brokerage infrastructure including execution, clearing, custody, and compliance. Revenue is derived from platform/service fees charged to partners for using DriveWealth's brokerage infrastructure, with the model bundling brokerage, clearing, and custody into a single all-in-one cost structure.
- Transaction-based Trading Fees: Revenue generated from securities trading transactions executed through the platform. DriveWealth enables fractional share trading, and partners leverage this infrastructure to offer commission-free or fee-based equity, ETF, options, and other securities trading to end users.
- Securities Lending (Fully Paid Securities Lending): Fully Paid Securities Lending (FPSL) program where investors loan fully paid shares to DriveWealth, which then lends them to other market participants. Borrowers pay a fee/rebate for the duration of the loan, and DriveWealth shares yield with the lender. DriveWealth recently introduced the Lending Rate API providing transparency on lending rates to retail investors.
- Investment Round-up and Stock Rewards: Partners leverage DriveWealth's technology to offer innovative features such as rounding up purchases into fractional share ownership and stock reward programs. These features drive user engagement and new revenue streams for partners, generating indirect revenue for DriveWealth through deeper platform utilization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Brokerage-as-a-Service (BaaS) - B2B Platform Access |
| Freemium | Pay-as-you-go | End-consumer fractional US equity investing (via partner Ualá Mexico) |
| Unit Pricing | Pay-as-you-go | Begin investing with $1 (fractional share minimum) |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
DriveWealth product offering
Product offeringCore offering
DriveWealth provides a cloud-based, API-first Brokerage-as-a-Service platform that enables B2B partners (banks, broker-dealers, neobanks, digital wallets, consumer brands, fintechs) to embed US equities, ETFs, mutual funds, fixed income, and options trading into their own applications. The platform bundles onboarding/KYC, account management, fractional share execution via patented Fracker® technology, clearing, custody, securities lending, and tax reporting into a single all-in-one integration accessible via REST APIs and FIX connectivity.
Product overview
DriveWealth operates as a unified Brokerage-as-a-Service platform architecture comprising three core integrated solutions: Full Service Brokerage (end-to-end brokerage covering onboarding, custody, execution, and reporting), Embedded Investing (API-first infrastructure for embedding investment experiences), and Execution Services (24/7 trading engine with patented fractional technology). The platform is anchored by proprietary Fracker technology enabling dollar-based fractional trading with eight-decimal precision. Supporting modules include Fixed Income Investing, Alternative Offshore Mutual Funds, Options Trading, Fully Paid Securities Lending, Business Accounts, and Overnight Trading capabilities. Strategic integrations extend functionality through Kalshi Prediction Markets, Moment fixed-income partnerships, and OTC Markets connectivity. The company also operates cryptocurrency subsidiaries DriveDigital (exchange) and DriveLiquidity (algorithmic trading/liquidity). DriveWealth powers over 100 institutional partners across 30+ countries, processing an average of 2.2 million trades per day with $1.6 billion daily notional volume.
Differentiator
Problem solved
Functional benefit
Brands
- Fracker: Patented fractional share trading technology enabling dollar-based trading with precision to eight decimal places. Patented in US, Korea, Japan, and China.
- DriveHub
- Brokerage-as-a-Service
Products and services
- Full Service Brokerage End-to-end brokerage solution providing a single integrated platform covering onboarding, KYC, custody, trade execution, and tax reporting with multi-asset access (equities, fixed income, options, funds) through a unified API infrastructure for B2B partners.
- Embedded Investing API-first infrastructure enabling fintechs, banks, and consumer brands to design, launch, and scale custom investment experiences embedded within their existing platforms with end-to-end functionality from onboarding to execution.
- Execution Services 24/7 global trading infrastructure with patented fractional share execution technology supporting eight decimal precision, ultra-low latency execution (under 1ms acknowledgments, under 15ms fills), and FIX network connectivity for institutional-grade order routing and clearing.
- Brokerage-as-a-Service Platform Cloud-based B2B platform providing API-driven brokerage infrastructure enabling partners to offer trading, investment, retirement, and rewards solutions. Supports over 2 million trades per day with $1.6 billion daily notional traded across the US, EU/UK, South Korea, Australia/New Zealand, and Brazil.
- DriveWealth Developer Portal Self-service developer portal providing API reference documentation, sandbox environment, and implementation guides enabling developers to build and deploy investment products with integration timelines as short as 90 days.
- Fixed Income Investing Fixed income solutions available across multiple categories and geographies including investment grade, high yield, US treasuries, and sovereign bonds with automated real-time execution, robust instrument search, and multi-dealer quote capabilities. Partnership with Moment enhances fixed-income offerings.
- Options Trading Multi-listed options trading on underlying US equities and ETF securities, launched worldwide in July 2023 with NYSE Floor execution capabilities, available to DriveWealth partners via API.
- Alternative Offshore Mutual Funds Expanded mutual funds program featuring alternative asset funds covering private equity, private credit, infrastructure, commodities, and real estate strategies. Includes fund families from Apollo, Blackrock, Schroders, Hamilton Lane, Pictet, and PIMCO.
- Business Accounts Brokerage account type for business entities (LLCs, corporations) to hold investments, supporting multiple beneficial owners. Features include KYB verification options (DriveWealth-performed or partner reliance) and various management types including self-directed, RIA-managed, and advisory-supported.
- Fully Paid Securities Lending (FPSL) Opt-in securities lending program allowing investors to loan fully-paid shares to DriveWealth, which lends them to market participants. Borrowers pay fees/rebates; lenders earn income while retaining ownership. Includes Lending Rate API for transparency on 30-day average lending rates.
- Overnight Trading 24-hour trading capability for US equities through OTC Markets partnership, enabling partners to capture global liquidity and service clients across all time zones with extended trading hours.
- DriveDigital Wholly-owned cryptocurrency exchange subsidiary launched in 2022, initially offering Bitcoin and Ethereum trading as part of DriveWealth's expansion into virtual assets.
- DriveLiquidity Wholly-owned subsidiary providing algorithmic trading capabilities and liquidity provision services, supporting DriveWealth's cryptocurrency and virtual asset offerings.
Quantifiable outcome
- 185% revenue growth over two years with 76% year-over-year growth in 2025
- +6 more outcomes
Companies that use DriveWealth
Customer profileNamed customers15 records
Segments5 records
Ideal customer profiles5 records
DriveWealth technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability5 records
Feature5 records
DriveWealth partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Banco UalácoreDriveWealth partnered with Mexican neobank Ualá to launch 'Acciones' (Stocks), a fractional US equity investing service enabling Mexican consumers to invest in shares of Apple, Amazon, and Tesla starting from $20 MXN. DriveWealth provides execution, clearing, and custody while Ualá delivers the customer-facing platform. Only 4.4% of Mexico's population currently invests in financial instruments.
- KalshicoreDriveWealth and Kalshi announced partnership plans to integrate Kalshi's regulated prediction market event contracts (tied to elections, economic indicators, weather, sports) into DriveWealth's API-first brokerage platform. This enables DriveWealth's partner platforms to offer event-driven markets alongside traditional equities and ETFs within a unified investing experience. Kalshi reportedly processes over $100 billion in annualized trading volume.
- InvestSkycoreDriveWealth powers InvestSky's expansion into Saudi Arabia, enabling MENA's first social trading platform to offer US equities trading via DriveWealth's always-on, API-first brokerage infrastructure. This follows InvestSky's Financial Technology Experimental Permit approval from the Capital Market Authority (CMA), supported by partnership with anb Capital.
- Dukhan BankminorDukhan Bank signed a non-commercial Memorandum of Understanding with DriveWealth at Web Summit Qatar 2026 to explore collaboration on digital investment solutions including embedded investing and access to global equity markets in Qatar and the wider Middle East region. Any future collaboration is subject to regulatory approvals and definitive agreements.
- INDmoneyminorINDmoney, an Indian financial super app, uses DriveWealth as a US-based broker partner for its US Stocks wallet feature, enabling Indian investors to invest in US equities through DriveWealth's regulated brokerage infrastructure.
- Business Account Partners (various LLCs, corporations, RIAs)minorDriveWealth launched Business Accounts enabling corporations and business entities to manage investments directly through DriveWealth APIs. Supports two KYB integration pathways: DriveWealth performs KYB or relies on partner's KYB process.
- OnePay (Walmart's)coreDriveWealth was selected by Walmart's OnePay to power OnePay Invest, enabling users to trade stocks and ETFs within the existing OnePay app. This partnership is part of Walmart's effort to develop a comprehensive financial services app offering savings, credit-building, BNPL, and investing features.
- BtcTurk | HissecoreDriveWealth partnered with BtcTurk | Hisse, Turkey's first Bitcoin and cryptocurrency trading platform, to enable US equities trading for Turkish investors. This marks BtcTurk's expansion beyond digital assets into traditional finance. DriveWealth provides the brokerage infrastructure for fractional US stock and ETF investing within BtcTurk's platform.
- Bank of LithuaniacoreThe Bank of Lithuania granted DriveWealth a European brokerage license, establishing DriveWealth Europe as the company's hub for European operations. This enables DriveWealth to offer European securities and support a follow-the-sun 24/7 service model across time zones. DriveWealth works with Invest Lithuania to grow its presence in the country and broader European market.
- PaparaminorTurkish fintech Papara announced a new partnership with DriveWealth and upcoming stock investment product at Money20/20 Europe, expanding DriveWealth's presence in the Turkish market.
Scale indicators10 records
Recent moves8 records
Expansion highlights6 records
DriveWealth competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key highlights7 records
Customer concentration
DriveWealth social profiles
Digital presenceDriveWealth compliance and trust
Trust signalCompliance10 records
DriveWealth financial estimates
Financial estimateRevenue estimate
Valuation estimate
DriveWealth leadership team
Management profileNumber of profiles
Profiles15 records
DriveWealth subsidiaries and ownership
Company hierarchySubsidiaries5 records
DriveWealth funding detail
Funding detailFunding overview
Funding rounds5 records
Investors20 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DriveWealth M&A and investment
M&A and investmentM&A2 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DriveWealth
What does DriveWealth do?
DriveWealth provides a cloud-based, API-first Brokerage-as-a-Service platform that enables B2B partners (banks, broker-dealers, neobanks, digital wallets, consumer brands, fintechs) to embed US equities, ETFs, mutual funds, fixed income, and options trading into their own applications. The platform bundles onboarding/KYC, account management, fractional share execution via patented Fracker® technology, clearing, custody, securities lending, and tax reporting into a single all-in-one integration accessible via REST APIs and FIX connectivity.
Is DriveWealth a public or private company?
DriveWealth is a private company. It is classified as venture growth investor backed and is currently operating.
When was DriveWealth founded?
DriveWealth was founded in 2012. It employs 251 to 500 people.
Where is DriveWealth based?
DriveWealth is headquartered in New York, United States, in the North America region.
How does DriveWealth make money?
Four revenue lines are on record. Brokerage-as-a-Service Platform Licensing is the primary driver. The others are transaction-based Trading Fees, securities Lending (Fully Paid Securities Lending) and investment Round-up and Stock Rewards.
Does DriveWealth have an API?
Yes. DriveWealth provides a Brokerage-as-a-Service API platform enabling partners to embed investing capabilities. The API supports: session token creation (POST /auth-tokens), customer/user creation (POST /users), trading account creation (POST /accounts), order execution (POST /orders), and order details retrieval (GET /orders/{orderID}). The platform also provides APIs for onboarding with KYC/AML, account management, asset servicing (positions, cash reporting, corporate actions), investing with fractional share execution, reporting (statements, trade confirms, tax documents), and a Lending Rate API for securities lending transparency. Developers can access the sandbox environment and production APIs through the Developer Portal. Developer documentation is at developer.drivewealth.com.
What industry is DriveWealth in?
DriveWealth's product category is Brokerage-as-a-Service Platform. Its primary akta.pro industry code is FSAPADAG, Brokerages & On/Off-Ramps (fiat rails, instant buy/sell). Its NAICS code is 522320 and its SIC code is 6211.