Bank of Georgia launches investment platform on mobile banking app

Bank of Georgia (BoG) has launched an investment platform on its mobile banking application which offers ‘affordable access to investing in US equities for the first time’ in Georgia. 

Customers are able to trade in shares of international companies such as Apple, Amazon, Microsoft, Tesla, Google and others with the lowest commissions in the country through BoG’s investment banking subsidiary Galt & Taggart (G&T) in partnership with digital trading company DriveWealth.

Investing in US equities has generally been difficult in Georgia and an option generally only available to high net worth individuals. 

BoG CEO Archil Gachechiladze says that the investment platform, created with DriveWealth and Galt & Taggart, ‘completely reimagines existing investing experiences’ and provides its customers with ‘first-time access to affordable investing in US stocks.’ 

Galt & Taggart's investment platform will be able to all 2.5 million BoG customers.

We’re excited to partner with BoG and G&T to help remove the traditional barriers to investing for the Georgian population, while ensuring each investor has the resources they need to learn how to become owners of their financial futures,” said founder and CEO of DriveWealth Bob Cortright.

DriveWealth, which was founded in 2012 and is headquartered in Chatham, New Jersey, has more than 100 partners across the world and believes that ‘every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise.’