DriveWealth’s APIs are utilised by over 100 world fintechs, challenger banks, and digital wallets – corresponding to Block’s Money App and Revolut – to buy fractional shares of US equities.
Angelos is becoming a member of DriveWealth following a transformational 12 months for the corporate, which realised a 100% progress in clients and income, 140% progress of its worldwide enterprise, and an over 150% improve in headcount in 2021.
DriveWealth was final valued at $2.8 billion and is backed by Softbank, Constancy’s enterprise capital arm and Citi Ventures amongst others.
Previous to becoming a member of DriveWealth, Angelos served as SVP, world head of fintech and crypto at Visa, the place he was chargeable for main the corporate’s world technique and programmes round how Visa engages with, invests in, and companions with fintech and crypto shoppers.
Angelos believes DriveWealth is on the cusp of a brand new progress curve, as increasingly shoppers globally flip to a brand new technology of tremendous apps to handle their wealth.
“Immediately, there are over one billion individuals who entry banking and monetary companies through digital wallets and neobanks and digital shoppers are more and more investing in US equities from inside these apps,” says Angelos. “DriveWealth’s APIs and fractional share possession mannequin is the main option to energy this digital funding expertise.”,Terry Angelos, Visa’s world head of crypto and fintech, is quitting the cardboard scheme to affix frational funding buying and selling platform DriveWealth as CEO.,
