DriveWealth LLC, which is undergoing a transformational year, appointed Terry Angelos as global chief executive officer, the Jersey City fintech infrastructure company announced May 10.
In 2021, the company saw a 100% growth in customers and revenue, 140% growth of its international business, and a more than 150% increase in headcount, DriveWealth said in the hiring announcement. Now, Angelos will be responsible for furthering that growth.
“Today, there are over 1 billion people who access banking and financial services via digital wallets and neobanks and digital consumers are increasingly investing in U.S. equities from inside these apps. DriveWealth’s APIs [application programming interfaces] and fractional share ownership model is the leading choice to power this digital investment experience,” Angelos said in a statement. “I look forward to joining this team to create meaningful change in the financial lives of millions of people worldwide.”
Angelos most recently served as senior vice president, global head of fintech and crypto at Visa, where he was responsible for leading the company’s global strategy and programs around how the financial services giant engages with, invests in, and partners with fintech and crypto clients.
“DriveWealth is on the threshold of its next stage of growth,” added founder and CEO Bob Cortright. “As I transition to my new role as executive chairman, I look forward to working alongside Terry to revolutionize embedded investing worldwide.”
In the past several months, DriveWealth added other key team members, including Gayathri Rajan as chief product officer and Harshal Deo as chief technology officer. Gayathri spent 16 years with Google, and Harshal spent a combined 16 years at eBay and PayPal. In August 2021, the company also added former eBay executive Harry Temkin as chief information officer.
DriveWealth has expanded to Singapore, London, Dublin, Lithuania and Brazil, as well as to underserved markets in Africa, Europe and Asia Pacific. The firm’s APIs support tens of millions of consumers who access U.S. stocks from fintechs and neobanks such as Block’s Cash App, Revolut, Chipper Cash, Toss Securities, GBM and Navy Federal.