The recognition underscores Apex’s commitment to driving the modernization of the financial services industry
Apex Clearing Corporation, the “fintech for fintechs” powering innovation and the future of digital wealth management, announced that it has been named to FinTech Global’s 2021 WealthTech100 list. The prestigious list recognizes the world’s most innovative tech solution providers addressing the digital transformation challenges and opportunities faced by asset managers, private banks, and financial advisors.
Apex is the fast, secure, and reliable digital custody and clearing platform leading the transformation of the financial services industry. Through instant account opening and funding, execution of trades across a wide array of asset classes, streamlined digital asset movements, as well as trade settlement and the safekeeping of customer assets, Apex empowers its clients – which include online brokerages, traditional wealth managers, wealth-tech, professional traders, and consumer brands, among others – with the platform, access, and scalability to close the gaps in wealth management.
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“We’re constantly striving to meet the needs of our clients and investors at-large and it is gratifying to see our results being recognized through this listing as a top 100 company trailblazing the way to a digitally-charged wealth management industry,” said William Capuzzi, Chief Executive Officer of Apex. “We’re committed to living up to this praise and look forward to continuing to leverage the power of technology to solve the challenges hindering markets access and financial freedom for all.”
The 2021 WealthTech100 list recognizes the pioneering companies transforming the global investment and banking industries. To select the winners, a panel of analysts and industry experts voted from a list of over 1,000 companies produced by FinTech Global. The finalists were recognized for their innovative use of technology to solve a significant industry problem or generate cost savings or efficiency improvements across the investment value chain.
“The wealth-tech industry has been upended over the last four years as traditional industry models are being quickly replaced by premier, modern digital services,” said FinTech Global director Richard Sachar. “As a result, this year’s process was more competitive than ever, but Apex clearly stood out for its technology-based solutions that have enabled financial freedom so that anyone has the ability to invest and grow their wealth.”
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In 2020, Apex Clearing processed 450 million trades, and over 68 million trades in the month of January 2021 alone. The Company currently serves over 200 clients globally, representing almost 15 million customer accounts, 5 million of which have been opened in 2021 and more than 1.5 million of which represent newly opened accounts for crypto assets.
In February 2021, Apex Clearing Holdings LLC, the holding company of Apex Clearing Corporation, entered into a definitive merger agreement with Northern Star Investment Corp. II (NYSE: NSTB), a publicly traded special purpose acquisition company. Following the closing of the transaction, which values Apex at a total enterprise value of approximately $4.7 billion post-money, Apex is expected to become a publicly listed company on the New York Stock Exchange under the new ticker symbol, “APX”. The consummation of the transaction is subject to approval by the stockholders of Northern Star and the fulfillment of certain other conditions.
