KUALA LUMPUR, May 11 (Bernama) -- DriveWealth LLC, a global fintech infrastructure company that powers equity investing for fintechs, has announced the appointment of Terry Angelos as Global Chief Executive Officer (CEO).
This appointment will support DriveWealth’s continued growth, following a transformational year where the company realised a 100 per cent growth in customers and revenue, 140 per cent growth of its international business, and an over 150 per cent increase in headcount in 2021.
“Today, there are over one billion people who access banking and financial services via digital wallets and neobanks and digital consumers are increasingly investing in U.S. equities from inside these apps,” said Angelos in a statement.
“DriveWealth's APIs and fractional share ownership model is the leading choice to power this digital investment experience. I look forward to joining this team to create meaningful change in the financial lives of millions of people worldwide.”
Prior to joining DriveWealth, Angelos served as Senior Vice President, Global Head of Fintech and Crypto at Visa, where he was responsible for leading the company’s global strategy and programmes around how Visa engages with, invests in, and partners with fintech and crypto clients.
“DriveWealth is on the threshold of its next stage of growth. As I transition to my new role as Executive Chairman, I look forward to working alongside Terry to revolutionise embedded investing worldwide,” said Bob Cortright, Founder and current CEO of DriveWealth.
DriveWealth’s APIs are utilised by over 100 global fintechs, challenger banks, and digital wallets to purchase fractional shares of U.S. equities and utilise robo-advising products that democratise access to a new class of financial customers.
DriveWealth’s modern APIs, fully integrated brokerage, clearing capabilities, and proven infrastructure are designed to support tens of millions of consumers who access U.S. equities from today’s most recognisable fintechs and neobanks, including Block’s Cash App, Revolut, Chipper Cash, Toss Securities, GBM, and Navy Federal.
DriveWealth’s consultative support and cloud-based, modern technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth.
-- BERNAMA
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