• DriveWealth, an infrastructure platform offering access to the US securities market, has partnered with money transfer and payment FinTech Chipper Cash, to enable the Ugandan population to invest in the US stock market.

• This is the first time that retail investors in Uganda will be given access to the US market, as the market is typically restricted to high net worth individuals.

• Through this partnership, Chipper Cash’s users (nearly four million) will be able to invest in over 6,000 US securities and ETFs on a dollar equivalent basis (fractional shares) with no minimum requirements.

• Moreover, the companies also intend to expand their partnership in the future to allow investors in Nigeria and South Africa to access the US equities market.

<ul><li> Analyst QuickTake: This partnership forms part of DriveWealth’s strategy to expand access to the US markets for emerging nations in Africa and Latin America. Over the past two months, Drivewealth partnered with Mexican investment platform and brokerage firm Grupo Bursátil Mexicano (GBM) and Chilean investment platform Racional to offer Mexican and Chilean investors similarly affordable access to the US stock market.</ul>