JERSEY CITY, N.J., May 11 (Bernama-BUSINESS WIRE) — DriveWealth, LLC, a global fintech infrastructure company that powers equity investing for fintechs, today 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 realized a 100% growth in customers and revenue, 140% growth of its international business, and an over 150% increase in headcount in 2021.
DriveWealth’s APIs are utilized by over 100 global fintechs, challenger banks, and digital wallets to purchase fractional shares of U.S. equities and utilize robo-advising products that democratize access to a new class of financial customers. The company is well-positioned to meet the growing market share of digital wallet app users, which is anticipated to exceed 4.4 billion by 2025, according to Juniper Research.