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DriveWealth

Also a provider — view DriveWealth’s profile →

Can a single API-first clearing broker-dealer become the global infrastructure layer for embedded investing — powering fractional US equity access for every fintech, neobank, and digital wallet worldwide?

Founded2012
HQJersey City, NJ (also New York, NY)
Latest roundSecondary - Private
IndustryInfrastructure / BaaS
The story

Founded in 2012 as MySolomeo Holdings, DriveWealth pivoted to become a pure-play B2B Brokerage-as-a-Service infrastructure provider, enabling global fintech partners to offer fractional US equity trading to retail customers via API. The company operates as a registered clearing broker-dealer (SEC/FINRA), supporting both fully-disclosed and omnibus account structures. Its embedded investing thesis — democratizing access to US capital markets through partner platforms — attracted global digital wallets, neobanks, and robo-advisors as customers. The platform has expanded from pure brokerage clearing into adjacent infrastructure including cash management (bank sweep), ACH funding via Plaid, and treasury-like yield features for uninvested cash.

Last 12 months
2024-07
2025-10
2026-01
Product timeline
2012
DriveWealth founded (originally MySolomeo Holdings) as a fintech focused on fractional share investing infrastructure.· pivot
2016
Launched global Brokerage-as-a-Service API platform enabling international fintech partners to offer US equities access.· banking
2021
Raised significant venture capital funding, reaching unicorn-level valuation as embedded investing demand surged globally.· banking
2022
Launched DriveLiquidity, a digital brokerage liquidity product.· banking
2024
Named to CNBC World's Top FinTech Companies 2024 list in Wealth Technology category; Michael Blaugrund became CEO.· banking
2025
Updated Bank Sweep Program with R&T Deposit Solutions to sweep uninvested cash into FDIC-insured bank network.· banking
Regulated entities
2
regulatory licences held by DriveWealth
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in DriveWealth’s embedded-finance stack
Money movement
ACH
Ledger
in the full report
Open banking
in the full report
Accounting gap: minor
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.