DriveWealth

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FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 19/01/2021

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About

We believe buying stock should be as easy as buying a latte. Our API-driven brokerage infrastructure can power fractional investing experiences for anyone.

MEDICI Analysis

DriveWealth provides investment platform and brokerage API solutions, enabling its users to manage their wealth and seek to advise on the required matters. Its APIs allows them to reach their targets on a global scale.

Focus

PRODUCTS & SERVICES

Its product offerings include: 1. Wealth Management and Advisory: It's brokerage platform empowers users to manage and understand their finance and investing basics. It offers real-time dollar-based investing & fractional share allocations. 2. Brokerage services: It offers real-time dollar-based investing & fractional share allocations. It enables users to invest in equities, regardless of stock price or deposit size.

REVENUE MODEL

The main revenue source is through commission fee: This include $2.99 commission per transaction ($4.95 in China)*. There are no monthly minimum fees, or required ongoing minimum account balance. For non-resident aliens, there is a one-time tax verification fee of $5.00 (representing Form W-8BEN pass-through processing cost).

EXISTING PARTNERSHIPS

Wall Street Survivor

StockRadar

CQG

Direct FX

KnowVera

COMMENT

Provide investing and trading platform to access the US market

Traction

VALUATION / MARKET CAP:

$26.7 M in 2015

COMPANY TYPE:

For Profit

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

64,546

AVERAGE VISITS (6 MONTHS)

108,816.72

MONTHLY VISITS GROWTH

-26.56%

VISIT DURATION

638

VISIT DURATION GROWTH

187.57%

PAGE VIEWS VISIT

3.49

PAGE VIEWS VISIT GROWTH

-10.74%

BOUNCE RATE

47.65%

BOUNCE RATE GROWTH

-1.68%

GLOBAL TRAFFIC RANK

386,240

MONTHLY RANK CHANGE

22,912

MONTHLY RANK GROWTH

6.31%

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