DriveWealth Holdings, Inc., a Chatam, N.J.-based fintech company, closed a $21m Series B funding.
The round was led by Raptor Group Holdings, SBI Holdings, Inc, and Point72 Ventures, LLC, as weel as existing investors Route 66 Ventures.
The company intends to use the funds to develop its technologies and scale its business.
Led by Robert Cortright, CEO, DriveWealth is a licensed carrying and self-clearing broker offering digital brokerage solutions to broker-dealers, advisors and online partners worldwide through its proprietary investment platform. Additionally, the company’s technology stack allows its partners to deliver native investment experiences – including real time dollar-based investing capabilities – directly on their own mobile applications.
DriveWealth Holdings, Inc., wholly owns DriveWealth, LLC, a member of FINRA and SIPC.