Software Alternatives, Accelerators & Startups

DriveWealth VS Sumio App

Compare DriveWealth VS Sumio App and see what are their differences

DriveWealth logo DriveWealth

DriveWealth is an cheap online stock broker, that offers an easy to use platform to trade on.

Sumio App logo Sumio App

Sumio is an easy-to-use and comfortable app for keeping track of your wealth with up-to-date market data for stocks, ETFs, and crypto-assets. It protects your privacy and includes a range of automation and visualization features.
  • DriveWealth Landing page
    Landing page //
    2023-07-28
  • Sumio App Landing page
    Landing page //
    2021-12-14

Sumio provides an overall picture of your financial standing. Download Sumio and get a complete picture of your assets and liabilities. Sumio helps you organize and track the value of your assets and liabilities, including your investments. It's designed to protect your privacy and security without requiring registration or any connection to your banking accounts. Use Sumio to calculate your Net Worth and keep track of your wealth. Get automatic market value updates for stocks, ETFs, and crypto-assets. Sumio is easy to use, just like your contacts app.

DriveWealth features and specs

No features have been listed yet.

Sumio App features and specs

  • Net Worth Calculation: Yes
  • Wealth Tracking: Yes
  • Stocks Tracking: Yes
  • Crypto Tracking: Yes
  • Absolute Privacy: Yes
  • Financial Dashboard: Yes
  • Personal Balance Sheet: Yes
  • Market Data: Yes
  • Automation: Yes
  • Visualizations: Yes
  • Watchlist: Yes

DriveWealth videos

DriveWealth Investment App Review

More videos:

  • Review - DriveWealth Investing App review
  • Demo - In|Vest 2019 DriveWealth Demo

Sumio App videos

Introducing Sumio: Net Worth Tracker App

Category Popularity

0-100% (relative to DriveWealth and Sumio App)
Finance
71 71%
29% 29
Cryptocurrencies
0 0%
100% 100
Investing
100 100%
0% 0
Personal Finance
0 0%
100% 100

Questions and Answers

As answered by people managing DriveWealth and Sumio App.

Which are the primary technologies used for building your product?

Sumio App's answer:

Flutter, Dart, Google Cloud.

What makes your product unique?

Sumio App's answer:

Essential financial metrics are automatically calculated – Net Worth, Total Assets, Total Liabilities. Multi-Currency – 100+ world currencies with automatic conversion to the default currency of your choice. Market Data – Automatic market value updates for stocks, ETFs, cryptocurrencies, precious metals, and other equities from U.S. and global markets. Backup & Sync – Back up and restore your data using your cloud storage account (Apple iCloud or Google). Privacy and Security – Privacy-first and secure from the get-go. You have complete control over your data. Security Lock – Secure access to Sumio with your Passcode, Face ID, or Touch ID. Custom Categories – Create your own categories for assets and liabilities. Visualisations – Clear and concise charts to easily evaluate your financial standing. Watchlist – Monitor the market value of stocks and crypto from the US and global exchanges. Gains & Losses – An overview of market value changes over time for your investments. Allocation – Charts illustrating the proportional distribution of your assets and liabilities.

Why should a person choose your product over its competitors?

Sumio App's answer:

Privacy-first and easy-to-use mobile app for managing money.

How would you describe your primary audience?

Sumio App's answer:

DIY investors and anyone who wants to take control of their money.

What's the story behind your product?

Sumio App's answer:

Independent dev team on a mission to develop privacy focused apps for financial planning.

Who are some of the biggest customers of your product?

Sumio App's answer:

Every user of Sumio is big. We appreciate anyone who is using our app.

User comments

Share your experience with using DriveWealth and Sumio App. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, DriveWealth should be more popular than Sumio App. It has been mentiond 7 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

DriveWealth mentions (7)

  • Are new share trading platforms safe?
    For US trading, Stake itself does not provide the stockbroking. They provide access to US financial markets by partnering with US broker DriveWeath LLC. Source: over 1 year ago
  • Tax on dividends
    I recently bought some stocks with Revolut and some of these stocks pay out a quarterly dividend. A tax is withheld by Revolut's broker (drivewealth.com) in the US. Do I also need to pay tax to the Revenue? Source: over 2 years ago
  • Revolut refuses to issue shares certificate and also refuses to provide an email with full company position and the laws they have backing up their refusal.
    Revolut's share platform uses a third party broker (drivewealth.com). Source: almost 3 years ago
  • Payment for order flow
    Their parent company in the US is Drivewealth Drivewealth is in part connected to Steve Cohen owner of the NY Mets and Point 72, one of the main hedge funds doing all the naked shorting right now along with Citadel and Susquehanna. Steve Cohen is a class A fucktard and all round evil prick. Source: almost 3 years ago
  • Warning: IBKR is changing its terms of services in preparation for the MOASS, and not in a good way
    Don't think you are right. Sharesies, Stake & Hatch use Drivewealth. I see no evidence drivewealth uses IBKR, they are competitors AFAIK. Source: about 3 years ago
View more

Sumio App mentions (1)

What are some alternatives?

When comparing DriveWealth and Sumio App, you can also consider the following products

Go Forex App - #1 Forex trading learning application - trading game for beginners.

Kubera - Protect your wealth

Robinhood - Free stock trading service.

NetworthShare - NetworthShare helps you calculate net worth, and track it online.

MetaTrader5 - World-leading multi-asset platform that allows trading Forex, Stocks, Futures and CFDs.

Finary - Track your net worth in real-time