DriveWealth Holdings, Inc. ("DriveWealth" or the "Company") today announced the closing of a $21 million Series B investment. The fundraising round was led by Raptor Group Holdings, SBI Holdings, Inc, and Point72 Ventures, LLC. DriveWealth's existing investors, including Route 66 Ventures, LLC, also participated in the round.

"We are delighted to welcome such esteemed partners in Raptor, SBI and Point72. Since investing 3 years ago we've witnessed significant growth, and this funding further positions the Company to take a leading role in modernizing the infrastructure for the financial services ecosystem."
DriveWealth's suite of APIs provides technology designed to modernize financial services for the digital age. The Company's cloud-based infrastructure offers powerful scaling and pricing efficiencies enabling its global partners - including online brokers, digital advisors and mobile online financial services companies - to seamlessly access the U.S. securities market. Additionally, DriveWealth's technology stack allows its partners to deliver native investment experiences - including DriveWealth's real time dollar-based investing capabilities - directly on their own mobile applications.

"We are thrilled to partner with SBI Group, Japan's leading provider of internet financial services and two leading venture investing firms, with significant financial technology experience and expertise," said Robert Cortright, CEO of DriveWealth. "At DriveWealth, our mission is to provide global partners low cost, frictionless access to wealth building products through our modern infrastructure. Our solutions provide our partners native integration into their customer facing, mobile applications and reimagine investing for the clients they serve. We are pleased that our Series B investors share this vision and look forward to a long-term, collaborative partnership."

Cliff Friedman, Managing Director of Raptor Group Holdings, added: "We are pleased to partner with DriveWealth's experienced management team to support the Company's growth, as it develops its innovative technologies and scales its business focused on the next generation of investors in markets worldwide, that can leverage Raptor's network of global industry relationships and fintech portfolio of companies."

Yoshitaka Kitao, Chairman of SBI Holdings, Inc., commented: "As a pioneer of internet-based financial services, we are excited to add DriveWealth to the world's first 'financial ecosystem' that SBI has now expanded from Japan to worldwide."

Pete Casella, Head of Fintech Investments at Point72 Ventures, stated: "We believe the next generation of fintech successes will be enabling technologies that allow seamless access to best of breed financial services. DriveWealth has built a world class tech-driven brokerage stack that allows fintech firms to incorporate a wide range of investments capabilities into their product offerings."

Dan Dall'Asta, Partner at Route 66 Ventures, concluded: "We are delighted to welcome such esteemed partners in Raptor, SBI and Point72. Since investing 3 years ago we've witnessed significant growth, and this funding further positions the Company to take a leading role in modernizing the infrastructure for the financial services ecosystem."

Credit Suisse acted as exclusive placement agent to DriveWealth in connection with the transaction.

About DriveWealth

DriveWealth Holdings, Inc., wholly owns DriveWealth, LLC, a member of FINRA and SIPC. DriveWealth, LLC 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. DriveWealth, LLC delivers access to the U.S. securities markets along with an array of digital products that power both emerging and established financial companies. For more information please visit DriveWealth.com.