New Jersey based investment API provider has raised a $21m Series B led by Point72 Ventures.
DriveWeath's technology, which provides its clients access to stock markets, works in the background of a number of investment services. Its clients include MoneyLion, a lending and wealth management app, and INVSTR, a UK-based stock trading application. In an interview with Business Insider, DriveWealth chief executive officer Robert Cortright said the new money will help the company enhance its products, including a new one that enables its customers to provide real-time rebalancing for portfolios.