DriveWealth has raised $56.7mn in its Series C funding round.
In Brief:
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DriveWealth provides API-based brokerage technology for access to the US equities market.
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A new strategic investor is Santander spinoff Mouro Capital.
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DriveWealth works with a number of FinTechs including Revolut.
What does this mean?
DriveWelath will use the capital to strengthen its technology stack and grow and scale the business – it is also planning some strategic acquisitions.