2022 Deloitte Technology Fast 500™ features DriveWealth among top Fintechs
US-based digital trading technology company, DriveWealth, today announced it has been included in this year’s Deloitte Technology Fast 500™, which recognizes the fastest growing and most innovative technology companies in North America.
Considered one of the most objective rankings, the list recognizes 500 of top media, telecommunications, life sciences, fintech, and energy technology companies, simultaneously positioning them based on their revenue growth over the last three years.
Now in its 28th year, award winners are recognized as companies touting triple-digit percentage revenue from 2018 to 2021, with this year’s group achieving a median revenue growth of 611%, while providing key advancements and solutions for real-world problems.
For its part, DriveWealth is perhaps best known for providing API-based brokerage technology that offers non-US platforms real-time access to the US equities market through fractional share trading. The company’s technology underpins over 100 fintechs, challenger banks, digital wallets, robo-advisors, and established brands. It counts big names in the industry including the likes of Revolut, MoneyLion and Unifimoney, among others.
“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers who have prospered by anticipating what’s next, understanding what’s needed to succeed and driving creativity forward,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice.
“Representing all facets of technology, the winners have shown they not only have the vision but can also expertly manage their companies through rapid growth. We congratulate each winner on their impressive achievements,” he added.
DriveWealth partners with many financial institutions, brokers, app developers, and technology companies to provide users with the ability to open a US-based brokerage account. The company’s offering covers six continents, offering its APIs that partners can use to provide new investment capabilities to their clients.
This collaboration with other platforms enables foreign investors to build portfolios of US stocks, ETFs, and ADRs with low costs starting from $0.99 per trade. The fractional trading feature also eliminates the barriers that many investors face when trying to invest in a diversified portfolio of high-value securities.
In addition, the partnerships leverage DriveWealth’s clearing capabilities to enable retail investors to transfer funds at lower costs, and manage their investments under a completely digital platform.