New Jersey based investment API provider has raised a $21m Series B led by Point72 Ventures.
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Steve Cohen's VC firm led a $21m investment in a startup that wants to power free stock trading
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.
