Stash (company) explained
Stash Financial, Inc., or simply Stash, is an American financial technology and financial services company based in New York, NY. The company operates both a web platform and mobile apps, allowing users to incrementally invest small amounts, commonly known as micro-investing.[2] [3] It also provides robo advice. By summer 2017, it had approximately 1 million users.[4] As of July 2020, the number has grown to over 5 million.[5]
History and Services
Stash was founded in February 2015 by Brandon Krieg, David Ronick, and Ed Robinson.[6] [7]
It was launched on the iOS App Store in October 2015[8] [9] and made available on Android in March 2016.[10]
In February 2018, the firm raised $37.5 million in a Series D funding in a round led by Union Square Ventures.[11] In April 2020, it raised another $112 million in Series F funding in a round led by LendingTree.
Reception
In February 2018, CNBC praised the app's automation and ease-of-use.
Products and services
Stash offers retirement, banking, individual investment, and custodial accounts through a subscription model.
Through the web platform and mobile apps, users can invest as little as $0.01 in fractional shares of thousands of stocks and more than 80 exchange-traded funds.[12] [13] Users can invest in personal brokerage accounts, retirement accounts, Roth IRAs, traditional IRAs, or custodial accounts.[14] [15]
See also
Notes and References
- Web site: Stash Banks $112 Million in LendingTree-Led Funding Round. Shome. Arnab. Finance Magnates. April 30, 2020. October 10, 2020.
- Web site: The Innovators – Meet the 65 Companies and Their Owners Who Have Conjured Up the Latest Wave of Products, Services, and Technologies . May 1, 2001 . 2023-04-20 . money.cnn.com.
- Web site: Aaron . Lucchetti. E-Tailers Allow Buyers to Add Fund Investments to Carts . 2023-04-20 . WSJ . en-US.
- Web site: Omri. Barzilay . Stash To Build Banking App "For All Americans" . Forbes. November 9, 2017. September 21, 2018.
- Web site: Loudenback. Tanza. A financial app with over 5 million users says retirement account sign-ups have surged during the pandemic — especially among people 65 and up. Business Insider. July 15, 2020. October 10, 2020.
- Web site: Wall Street vets left 6-figure jobs to launch an app that makes investing easy. Elkins. Kathleen. October 21, 2016. CNBC. September 21, 2018.
- News: Investment app Stash secures $37.5 million funding round. Noto. Anthony. 12 February 2018. New York Business Journal. February 9, 2019.
- News: How to get started investing...for $5. Long. Heather. 16 October 2015. CNN Money. February 9, 2019.
- News: 50,000 people on waitlist for app that lets Millennials invest in their beliefs. del Castillo. Michael. 14 October 2015. New York Business Journal. February 9, 2019.
- News: Stash is an app that says millennials want to invest based on 'values,' and it's now available on iOS and Android. McAlone. Nathan. 31 March 2016. Business Insider. February 9, 2019.
- News: Simplified investing app Stash raises $37.5 million Series D as it heads into banking. Perez. Sarah. 12 February 2018. TechCrunch. February 9, 2019.
- News: I used an investing app for the first time and it made for the easiest $300 I ever saved. Elkins. Kathleen. 16 February 2018. CNBC Make It. February 9, 2019.
- News: Stash is an app that says millennials want to invest based on 'values,' and it's now available on iOS and Android. McAlone. Nathan. February 9, 2019. Business Insider. February 9, 2019.
- News: O'Shea. Arielle. Coombes. Andrea. January 3, 2019. Stash Review 2019. NerdWallet.
- News: How to keep your kids from being ignorant with money. Bahney. Anna. 20 February 2018. CNN Money. February 9, 2019.
