Announced
Completed
Financials
Tags
Cross Border
Friendly
Private
Private Equity
Completed
Venture Capital
Minority
financial technology
FinTech
United States
Acquisition
fintech
Synopsis
Insight Partners and Accel led a $450m Series D funding round in DriveWealth, a developer of financial technology systems. Other investors include Greyhound Capital, Softbank Vision Fund, Point72 Ventures, Fidelity International, Base 10, FTX, and FlightDeck. DriveWealth will use the Series D investment to execute its strategic vision of becoming the category leader of embedded investing across digital wallets and brokerage apps on every continent. This raise will fund continued product and service expansion, talent acquisition, and technology innovation to build the most modern, industrial-strength infrastructure in brokerage to support the firm's and its partners' future growth. The funding will also be used to launch self-clearing and accelerate execution via strategic acquisitions and partnerships.
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