DriveWealth democratizes U.S. investment opportunities for Mexican population through fractional trading technology
JERSEY CITY, N.J. — (BUSINESS WIRE) — DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today announced a partnership with Grupo Bursátil Mexicano (GBM), the leading investment platform and brokerage firm that is transforming the investing landscape with the mission of democratizing investing in Mexico. Leveraging DriveWealth’s real-time fractional trading technology and API-based brokerage infrastructure, Mexican investors will gain affordable and expanded access to investing in U.S. equities.
Previously, access to U.S. investing was reserved for high net worth individuals in Mexico, with only 298,000 brokerage accounts in Mexico at the end of 2019, according to the National Banking and Securities Commission (CNBV). Today, GBM has more than two million accounts. Customers will now be able to invest on a dollar equivalent basis (i.e. fractional shares) through the company’s Trading USA tool powered by DriveWealth, allowing everyday investors to gain access to investing in U.S. securities.
“DriveWealth is on a mission to open the doors for more investors around the world to gain affordable access to the U.S. markets through embedded investing,” said Bob Cortright, founder and CEO of DriveWealth. “Our partnership with GBM will help to remove the traditional barriers to investing in the U.S. markets for the Mexican population and marks an additional milestone for us as we progress our mission to democratize investing for the Latin American region, following our recent partnership with Chilean-based investment platform, Racional.”
“Our clients have consistently vocalized their desire to invest in the U.S. stock market, which previously had been accessible to only the most wealthy Mexican citizens,” said Pedro de Garay, co-CEO of GBM. “Thanks to our partnership with DriveWealth, the U.S. market is now easily accessible to all members of the Mexican population, creating new opportunities for citizens to improve their financial wealth through fractional equities trading.”
About DriveWealth
DriveWealth, the pioneer of fractional equities trading and embedded investing, is a visionary technology company that empowers more than 100 partners around the world to engage their customers by placing the markets in the palm of their hand. We believe the future is fractional, transactional and mobile. Every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise. DriveWealth’s unparalleled consultative support and cloud-based, industrial strength technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth. DriveWealth’s commitment to continuous evolution and innovation makes it the partner of choice for powering the future of investing. For more information, please visit drivewealth.com or connect with us on Twitter @DriveWealth.
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Emily Baldwin, DriveWealth