# DriveWealth

> DriveWealth supplies API-based brokerage infrastructure to banks, fintechs, digital wallets, broker-dealers, asset managers, and consumer brands. Its partners build the customer experience while DriveWealth provides capabilities including fractional trading, custody, clearing, settlement, onboarding, and reporting across multiple asset classes.

- **Founded:** 2012
- **Headquarters:** New York, United States
- **Founders:** Robert Cortright (Founder and Executive Chairman; former CEO)
- **Products:** Full Service Brokerage, Embedded Investing APIs, Fractional Trading / Fracker, Options Trading, Multi-Asset Investing
- **Notable:** Demonstrated real-time fractional trading at FinovateEurope in February 2016., Raised a $450 million Series D at a $2.85 billion valuation in August 2021., Announced a U.S. patent for its Fracker order management technology in October 2022.

## Products & services

- **Full Service Brokerage** — Integrated onboarding, account management, custody, trade execution, clearing, settlement, and reporting for partner institutions.
- **Embedded Investing APIs** — Interfaces for partners to build branded investment journeys, rewards, round-ups, funding, and account management.
- **Fractional Trading / Fracker** — Patented order management and real-time fractional execution; a February 2016 public demo documented dollar-based trading. Current platform materials describe precision to eight decimal places.
- **Options Trading** — Options on U.S. equities and ETFs, launched in July 2023.
- **Multi-Asset Investing** — Access to equities, ETFs, mutual funds, fixed income, and options, subject to geography and partner implementation.
- **Execution Services** — Institutional order routing, liquidity access, extended trading sessions, and fractional execution.
- **Partner Dashboard and Reporting** — Account operations, statements, trade confirmations, tax documents, permissions, and trade-correction workflows.

## Achievements

- Demonstrated real-time fractional trading at FinovateEurope in February 2016.
- Raised a $450 million Series D at a $2.85 billion valuation in August 2021.
- Announced a U.S. patent for its Fracker order management technology in October 2022.
- Launched options trading in July 2023 and marked the launch with a September 2023 NYSE bell ceremony.
- Named to CNBC’s 2024 World’s Top FinTech Companies list, as reported on its careers page.

## Latest updates

- **2026-10** — Announced TrueMoney partnership on October 15, with investment services through Webull Securities (Thailand).
- **2026-10** — Announced Ripple partnership on October 14 to modernize money movement and settlement infrastructure.
- **2025-08** — Named Naureen Hassan global CEO on August 20, succeeding Michael Blaugrund.

## Links

- Website: https://www.drivewealth.com/
- LinkedIn: https://www.linkedin.com/company/drivewealth/
- Twitter/X: https://twitter.com/DriveWealth
- GitHub: https://github.com/DriveWealth
- Facebook: https://www.facebook.com/DriveWealth

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Profile page: https://yespress.io/drivewealth
Published by YesPress — https://yespress.io
Last updated: 2026-10-25