Drive Wealth Technical Briefing

About Drive Wealth

Drive Wealth’s technology is a platform for developers to embed innovative investing experiences. In this technical briefing John Shammas demonstrates embedded equity purchases in a mobile application using Drive Wealth’s API.

Overview of briefing

0:00-1:15 – Intro and background

Drive Wealth powers companies all around the world who want to bring awesome investment products to their app. They are the infrastructure behind, Revolut, and many more applications.

John’s background is software design and development. He now runs the partner API program after running and building the initial Drive Wealth API platform. 

1:15 – 3:15 – Product & API Demo

Demonstration of the Drive Wealth API by using a custom built software application of an example banking application. This workflow was designed to showcase what an application can look like. Partners have the ability to completely control the user experience to create the best UI possible for the end user while offering equity investments to their end users.

Many digital wallets and banks are trying to re-bundle banking services with everything from payments to banking and purchasing equities to bring them to the client in one application.

John showcased Apple, Google, Amazon, Tesla, Starbucks, GM, Ford as available equities to purchase.

3:15 – 6:00 – Onboarding and Investing API Functionality

Demonstration of onboarding to open a brokerage account for an end user. Demo walks through what is required for a bank to onboard their client to begin making trades.

The application walkthrough covers information required and the API formatting that defines the account management type to notify the Drive Wealth system of how to behave.

6:00 – 9:52 – Admin Function & Mock Trades

Drive Wealth admin dashboard is demonstrated and a mock trade is shown purchasing Starbucks via the API focusing on the fractional ownership of a Starbucks share, which Drive Wealth was the first in the world to do.

Highlights were made that ensure the end user investor never under or overspends. John discussed the benefits and versatility of the platform including buying fractional shares of Berkshire Hathaway A shares.

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Additional Briefing Information

This briefing was held at V-Sum_Two on November 17, 2020. V-Sum_Two was financially supported and made possible by Modern Treasury and The Kauffman Foundation.