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The trading frenzy centered on GameStop Corp and other “meme” stocks is sparking a wave of investor interest in start-ups aiming to mimic the success of Robinhood Markets Inc, whose no-fee brokerage app has helped drive a trading boom.
Investors also see opportunity in the infrastructure behind the trading apps, powered by companies such as DriveWealth.
“We are in the early innings of a worldwide retail investing revolution,” said Bob Cortright, founder and Chief Executive Officer of DriveWealth.
DriveWealth’s latest funding round also included a follow-on investment from Fidelity International and several new investors including Base 10, FTX, and FlightDeck.
Source: Reuters
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