DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced a partnership with Winvesta Ltd, a newly launched UK-based global investment platform with operations in India and the U.S. Employing DriveWealth’s proven technology, Winvesta is now offering U.S. stock market access via a mobile app to investors across India, enabling them to invest in their favorite companies. Winvesta clients will also have access to real-time fractional shares in familiar U.S. brands, an offering that DriveWealth has pioneered.
Winvesta has launched its app thus far via Android, which notably has a 95% market share in India, where nearly 75% of online activity takes place on mobile phones. The firm also plans to roll out its technology, supported by the DriveWealth partnership, in the UK later this year.
“It’s astonishing that less than 0.1% of Indian wealth is invested beyond its borders,” said Swastik Nigam, Founder and CEO of Winvesta. “The impact COVID-19 has had on Indian portfolios and the quick resurgence of the U.S. markets has demonstrated the trouble of maintaining a home bias. Partnering with DriveWealth is an important first step in making global investment access easier for resident Indians. DriveWealth’s API-based technology and Winvesta’s tech team have successfully delivered and gone live with our offering on U.S. securities in the middle of extremely strenuous circumstances. Winvesta aims to be the quickest and most economical way for Indians to access international investments, powered by a great set of partners like DriveWealth and beautiful product design.”
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