Turkish fintech giant Papara has teamed up with DriveWealth to bring real-time US stock trading to its 20 million users. From October, Papara customers will be able to invest in shares listed on the Nasdaq and NYSE, thanks to DriveWealth’s innovative Brokerage-as-a-Service technology.
This exciting new investment product will enable users to buy or sell fractional shares in US equities and ETFs, with minimum investments starting as low as $1 and fixed transaction fees. The product also offers real-time market data, ensuring that investors can make informed decisions. Already, over 600,000 eager users have signed up for the waiting list.
Emre Kenci, CEO of Papara, remarked, “Partnering with DriveWealth marks the next chapter of Papara’s transformation into a one-stop financial super app.” Founded in 2015, Papara achieved profitability in just two years and expanded its reach by acquiring Spanish counterpart Rebellion last year.
Papara’s collaboration with DriveWealth positions it as a formidable player in the fintech space, offering comprehensive financial services and seamless investment opportunities. This move not only expands Papara’s product offerings but also enhances its mission to democratize financial services for its extensive user base.
