DriveWealth Raises $450M in Series D Funding Round at $2.85 Billion Valuation

Fazzaco learned that fintech company DriveWealth has raised $450 million in a Series D funding round, boosting its valuation to $2.85 billion. 

The latest funding round was co-led by Insight Partners and Accel with participation from Greyhound Capital, Softbank Vision Fund, Point72 Ventures, Fidelity International Strategic Ventures, Base 10, FTX, and FlightDeck.

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According to the official press release, the company will utilise the new capital to execute its strategic vision of becoming the category leader of embedded investing across digital wallets and brokerage apps on every continent. 

In addition, the funds will also be used to launch self-clearing and accelerate execution via strategic acquisitions and partnerships.

“We are in the early innings of a worldwide retail investing revolution,” said Bob Cortright, founder and CEO of DriveWealth. “Our goal is for DriveWealth to be the partner of choice to deliver the embedded investing experience of the future. This new capital and investor engagement will accelerate our global expansion plans in order to become the world-class, exchange-like technology company that powers tomorrow’s investing products.”