DriveWealth
DriveWealth is a financial technology company providing API-driven brokerage infrastructure, enabling features like fractional share trading for its partners.
Secondary Market Price
How DriveWealth Measures Up
To help you manage your DriveWealth equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series D
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future DriveWealth Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for DriveWealth's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
DriveWealth is a business-to-business financial technology company founded in 2012 by Robert S. Cortright. The company provides brokerage infrastructure through APIs, a model often referred to as Brokerage-as-a-Service. Its platform enables partners—including banks, asset managers, digital wallets, and consumer brands—to build and offer investing and trading experiences to their own customers. The technology supports features such as fractional share trading, dividend reinvestment, and round-up investing, where spare change from purchases is invested. Headquartered in New York, DriveWealth is a registered broker-dealer and a member of FINRA and SIPC.
The company's recent activities and forward-looking discussions center on embedded finance, which involves integrating investment capabilities into non-financial applications. For example, company executives have participated in industry events like the ABB Invest Conference in Azerbaijan and Money2020Asia to discuss the role of embedded finance and super apps in their respective regions. DriveWealth secured a Series D funding round of $450 million in September 2021 and continues to expand its team and global presence. As of March 2024, the company reported operations in six countries and support for 24 languages, reflecting its focus on providing infrastructure for global, mobile-first investing.
- Insight Partners
- Accel
- Greyhound Capital
- SoftBank Vision Fund
- Point72 Ventures
- Fidelity International Strategic Ventures
- Base10 Partners
- FTX
- FlightDeck
- Raptor Group
- SBI Holdings
- Route 66 Ventures
- Mouro Capital
- Founder, Executive Chair Robert Cortright
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is DriveWealth worth joining?
Deciding whether to join DriveWealth depends on your personal career goals and how you view the company's potential for growth. You should evaluate its culture, leadership, and your role within the organization to determine if it's the right fit for you.
What should I do with my DriveWealth stock?
Managing private company stock like DriveWealth's involves complex financial and tax considerations that depend on your personal situation. Platforms like Prospect can help you create a personalized strategy for your equity by modeling scenarios and optimizing for taxes.
Can you sell DriveWealth stock?
As a private company, DriveWealth stock is not publicly traded, so selling shares is generally restricted to specific events like tender offers or secondary sales. Tools like Prospect can help you navigate these opportunities and determine the best time to sell based on your financial goals.
How can I find the value of my DriveWealth stock?
The value of private stock is typically determined by a 409A valuation, which isn't always public. To better understand your equity's potential, you can use platforms like Prospect, which use predictive models to help project your stock's future value.
What is DriveWealth's equity worth?
The total valuation of a private company like DriveWealth is not public information and is typically updated during financing rounds. To understand what your specific equity holdings might be worth, you can use specialized tools to model different financial scenarios and potential outcomes.
What is DriveWealth's stock ticker symbol?
DriveWealth is a private company, so it does not have a stock ticker symbol. Ticker symbols are only assigned to companies whose shares are listed and traded on public stock exchanges.
Can I buy or sell DriveWealth stock?
Since DriveWealth is a private company, its stock is not available for purchase on the open market and can typically only be acquired by employees or accredited investors in specific circumstances. Selling is also restricted, but platforms like Prospect offer tools to help you prepare for and manage sales during liquidity events like tender offers.
What is the criteria to buy or invest in DriveWealth stock?
Investing in a private company like DriveWealth is typically restricted to employees receiving equity or accredited investors who meet specific financial thresholds. These opportunities are not generally available to the public and occur through private placements or secondary markets.
