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Privat 3 Money launches investment platform

By Dalvinder Kular

Privat 3 Money has launched a mobile trading platform for high net worth clients.

Through the platform, customers will be able to trade securities on the NYSE and NASDAQ directly through the same account in which they can deposit money and carry out other transactions.

The company said it wants to add cryptocurrency trading to the platform, subject to gaining authorisation.

The investment platform has been developed in partnership with DriveWealth, which partners with FinTechs to make US listed securities available to investors around the world.

The partnership with DriveWealth has been facilitated via a tie up with P3 Wealth, an FCA regulated investment firm wholly owned by Reda Bedjaoui, Privat 3 Money's founder. P3 Wealth provides a license which allows Privat 3 clients to access the investment tools provided by DriveWealth.

Commenting on the news Reda Bedjaoui, founder of Privat 3 Money, said: "We're only the second UK financial institution to offer clients access to both banking-like services and trading capabilities on one platform, through one account."

He added: "It's a product that gives P3 eligible clients a more efficient way to invest their money, using streamlined tools that are built with the future of finance in mind. In a busy, global and time-poor world, it's a game-changing innovation for our clients."

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