Turkey’s Papara partners DriveWealth to offer customers US stock trading

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Tapping DriveWealth’s Brokerage-as-a-Service technology, Papara customers will, from October, be able to buy or sell fractional shares in US equities and ETFs.

The investment product offers real-time market data and the ability to invest in fractional shares with lower minimums of $1 and fixed transaction fees. Over 600,000 have already signed up to the waiting list.

Emre Kenci, CEO, Papara, says: “Partnering with DriveWealth marks the next chapter of Papara’s transformation into a one-stop financial super app.”

Founded in 2015, Papara hit profitability in just two years. Last year, it acquired Spanish counterpart Rebellion for a push outside its home market.