DriveWealth Holdings Inc., the owner of DriveWealth, LLC, a Chatham, NJ-based global online broker dealer, received its first institutional investment from Route 66 Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to expand its global partners and customers as well as its product and service offering.
Launched in August 2014 by Robert Cortright, Founder and CEO, DriveWealth aims to become a global aggregator of retail investor accounts, offering partners and customers low cost access to US equity markets over their vertically integrated platform. Its Brokerage as a Service offers partners worldwide (foreign brokers, developers, and content providers) the ability to integrate and offer US stocks, ADR’s and ETF’s.