DriveWealth partners with Verrency to offer consumers access to a new savings and investing strategy
Digital brokerage solution provider DriveWealth has joined forces with Australian global payments innovator Verrency. The partnership will enable DriveWealth to deliver its ground-breaking fractional share investment platform to a new segment of consumers.
As a result of the agreement between the two companies signed today at Money20/20 in Las Vegas, shoppers who have a debit or credit card will have the opportunity to seamlessly invest in companies from which they purchase goods and services. For example, if you buy shoes from the Nike store, you can elect to round up or put a percentage of the purchase price towards buying shares, or a fraction of a share, in the company.
Verrency Founder and CEO, David Link, said the partnership with DriveWealth is another example of how an innovative company can supercharge its business through Verrency’s integration platform.
Regarding DriveWealth becoming a part of V+, Verrency’s growing fintech marketplace, Stephen Nash, Head of Business Development at DriveWealth said: “We’re delighted to partner with Verrency to enable consumers to instantly become shareholders in the public businesses they frequent. DriveWealth is excited to serve a new generation of investors innovatively seeking fractional equity investments in the brands they love.”
DriveWealth’s suite of APIs provides technology designed to modernize financial services for the digital age. The company’s cloud-based infrastructure offers powerful scaling and pricing efficiencies enabling its global partners – including online brokers, digital advisors and mobile online financial services companies – to seamlessly access the U.S. securities market.
In addition, DriveWealth’s technology stack enables its partners to deliver native investment experiences – including DriveWealth’s real time dollar-based investing capabilities – directly on their own mobile applications.
Founded in 2016, Verrency is a highly innovative global FinTech firm that focuses on enabling major financial institutions to rapidly and inexpensively deliver significant innovation via their existing payments technologies and networks.
