DriveWealth, a global Brokerage-as-a-Service platform powering the infrastructure for modern investing and trading, and TrueMoney, Southeast Asia’s leading fintech platform under Ascend Money, e-payment services and financial services provider, today announced a strategic partnership that will expand access to U.S. stock investing for more than 30 million TrueMoney users. The investment service is provided via Webull Securities (Thailand), a Thai SEC licensed broker platform which is integrated in the TrueMoney application.

Through this partnership, TrueMoney customers will be able to invest in U.S. equities through the TrueMoney app, leveraging DriveWealth’s infrastructure to expand access to global markets.

Powered by DriveWealth’s modern and scalable brokerage infrastructure, which ensures a secure and compliant path to global markets, Thai retail investors will gain access to U.S. equities in an equitable way.

The new investing experience is seamlessly accessible through the TrueMoney app, allowing users to effortlessly move between everyday payments and long-term investing. With frictionless account onboarding, users can begin investing with as little as 30 baht, through fractional shares and optional stock rewards on everyday purchases.

“In many markets, a single digital wallet becomes the primary gateway to financial services and wealth building opportunities,” said Naureen Hassan, CEO of DriveWealth. “Through our partnership with TrueMoney, DriveWealth is helping deliver investing access to a rapidly growing base of new investors. With infrastructure built to handle the volume and scale a partner of TrueMoney’s size demands, we’re powering a modern investing experience within the same wallet trusted by more than 30 million customers.”

Recognized as the leading digital wallet and financial super app in Thailand, TrueMoney facilitates everyday payments and financial services at major retailers nationwide. This strategic partnership with DriveWealth will enable TrueMoney and WeBull to offer underbanked and emerging investors a unified platform to seamlessly manage payments, investments, and to build long-term financial wealth.

“TrueMoney was built to serve underbanked communities, and we’ve always focused on providing simple, accessible financial services to support an individual’s financial journey,” said Monsinee Nakapanant, Co-president of Ascend Money, the operator of TrueMoney, “Partnering with DriveWealth and WeBull has allowed us to expand this goal and support our users’ long-term financial growth. DriveWealth’s technology and infrastructure are instrumental in helping us provide a seamless user experience on our platform.”

Founded in 2012, DriveWealth empowers leading global digital wallets, financial institutions, fintechs, and digital innovators with modern brokerage infrastructure. This infrastructure enables secure, scalable, and compliant access to U.S. equities, fixed income, and other asset classes. This partnership with TrueMoney marks a significant expansion of DriveWealth’s presence in Thailand, bringing investment opportunities to more users across the country.

About DriveWealth

DriveWealth operates the global infrastructure that powers investing and trading for banks, fintechs, digital wallets, broker-dealers, asset managers, and consumer brands. Its APIs give clients production-grade brokerage capability, including custody, clearing, settlement, and regulatory reporting, without the years and significant capital outlay it takes to build that capability in-house, supporting everything from traditional investment workflows to more inventive approaches like rounding up purchases into fractional share ownership.

DriveWealth, LLC is a registered broker-dealer, member FINRA and SIPC. Its affiliate UAB DriveWealth Europe is MiFID II licensed to trade securities and provide custody services across the European Economic Area (EEA). Visit legal.drivewealth.com for full disclosures. For more information, visit www.drivewealth.com.

About TrueMoney

TrueMoney is a leading fintech company providing financial services for users in Thailand and across Southeast Asia. Established in 2013, TrueMoney has become a part of Ascend Group in 2014 and also a partner of Ant Group since 2016. Today, the company provides various financial services through TrueMoney, the most popular payment and financial application that enables convenience and ease of everyday life. Its extensive partner network across Southeast Asia also enables millions of users in the region to access innovative financial services, leading them to better lives. For further information, please visit www.truemoney.com

Media gallery

About The Author
Business Wire