Following the announcement of DriveWealth’s $57m Series C round led by Point72 Ventures with participation from Raptor Group, SBI Holdings, Route 66 Ventures and new investors Mouro Capital and us at Fidelity international Strategic Ventures (FISV), I wanted to share a bit more on what got us excited about this incredible global digital trading technology platform.
Over the past five years, the competition in retail brokerage has intensified with traditional platforms, free or low-cost brokerage apps and other fintechs vying for retail investors attention. This has been driven by the following trends:
1.Re-bundling & embedded finance: Fintechs are now attempting…
Fintech Investor at Fidelity International Strategic Ventures