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Drivewealth partners with GBM to improve US stock market access for Mexican investors
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Oct 14, 2021
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FinTech Infrastructure

FinTech Infrastructure

Oct 14, 2021

Drivewealth partners with GBM to improve US stock market access for Mexican investors

Geographic expansion
Partnerships

  • Drivewealth, an infrastructure platform offering access to the US securities market, has partnered with Mexican investment platform and brokerage firm Grupo Bursátil Mexicano (GBM) to enable GBM’s users to invest in the US stock market. 

  • GBM will launch the “Trading USA” tool, powered by Drivewealth’s infrastructure, for GBM’s 2 million+ users, allowing small retail investors to invest in the US stock market, a market that was typically limited to high net worth Mexicans.

<ul><li> Analyst QuickTake: This partnership forms part of Drivewealth’s strategy to expand access to the US markets for Latin American investors. Last month, the company partnered with Chilean investment platform Racional to offer Chilean investors similarly affordable access to the US stock market. Moreover, these partnerships were formed on the heels of Drivewealth’s substantial funding round two months ago (USD 450 million) . It intended to use the funds to partially invest in product and service expansions and entering strategic partnerships.</ul>

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