DriveWealth, a company building technology to bring the cost of investing to zero, has landed $21 million in an investment round led by four investors including the venture unit of Steve Cohen’s Point72.
The New Jersey-based company announced Tuesday the Series B fundraise led by Point72 Ventures, SBI Group, Raptor Group, and Route 66 Ventures, a previous investor in the company.
DriveWealth’s suite of APIs provides technology designed to modernize financial services for the digital age. The Company’s cloud-based infrastructure offers powerful scaling and pricing efficiencies enabling its global partners – including online brokers, digital advisors and mobile online financial services companies – to seamlessly access the U.S. securities market. Additionally, DriveWealth’s technology stack allows its partners to deliver native investment experiences – including DriveWealth’s real time dollar-based investing capabilities – directly on their own mobile applications.