Company:Stash
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| Type | Private |
|---|---|
| Industry | Financial technology |
| Founded | February 2015 |
| Founder |
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| Headquarters | New York City , New York , United States |
| Products | Investment management, investment portfolios, stock portfolios, stock trading |
| AUM |  $2 billion (2020)[1] |
| Website | www |
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.[1]
Reception
In February 2018, CNBC praised the app's automation and ease-of-use.[12]
Products and services
Stash offers retirement, banking, individual investment, and custodial accounts through a subscription model.[5]
Through the web platform and mobile apps, users can invest as little as $0.01 in fractional shares of thousands of stocks[8] 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] Stash also offers financial education and automatic investing.[16][17]
See also
References
- ↑ 1.0 1.1 Shome, Arnab (April 30, 2020). "Stash Banks $112 Million in LendingTree-Led Funding Round". https://www.financemagnates.com/fintech/news/stash-banks-112-million-in-lendingtree-led-funding-round/.
- ↑ "The Innovators – Meet the 65 Companies and Their Owners Who Have Conjured Up the Latest Wave of Products, Services, and Technologies". May 1, 2001. https://money.cnn.com/magazines/fsb/fsb_archive/2001/05/01/302520/.
- ↑ Lucchetti, Aaron. "E-Tailers Allow Buyers to Add Fund Investments to Carts" (in en-US). https://www.wsj.com/articles/SB945730607441550739.
- ↑ Barzilay, Omri (November 9, 2017). "Stash To Build Banking App "For All Americans"". https://www.forbes.com/sites/omribarzilay/2017/11/09/peter-thiel-backed-stash-to-build-banking-app-for-all-americans/.
- ↑ 5.0 5.1 Loudenback, Tanza (July 15, 2020). "A financial app with over 5 million users says retirement account sign-ups have surged during the pandemic — especially among people 65 and up". https://www.businessinsider.com/personal-finance/stash-financial-app-ira-retirement-account-openings-surge-2020-7.
- ↑ Elkins, Kathleen (October 21, 2016). "Wall Street vets left 6-figure jobs to launch an app that makes investing easy". https://www.cnbc.com/2016/10/21/wall-street-vets-left-6-figure-jobs-to-launch-an-app-that-makes-investing-easy.html.
- ↑ Noto, Anthony (12 February 2018). "Investment app Stash secures $37.5 million funding round". New York Business Journal. https://www.bizjournals.com/newyork/news/2018/02/12/investment-app-stash-secures-funding.html.
- ↑ 8.0 8.1 Long, Heather (16 October 2015). "How to get started investing...for $5". CNN Money. https://money.cnn.com/2015/10/14/investing/start-investing-stash-acorn/index.html.
- ↑ del Castillo, Michael (14 October 2015). "50,000 people on waitlist for app that lets Millennials invest in their beliefs". New York Business Journal. https://www.bizjournals.com/newyork/news/2015/10/14/50-000-people-on-waitlist-for-app-that-lets.html.
- ↑ McAlone, Nathan (31 March 2016). "Stash is an app that says millennials want to invest based on 'values,' and it's now available on iOS and Android". Business Insider. https://www.businessinsider.com/stash-app-launches-android-version-2016-3.
- ↑ Perez, Sarah (12 February 2018). "Simplified investing app Stash raises $37.5 million Series D as it heads into banking". https://techcrunch.com/2018/02/12/simplified-investing-app-stash-raises-37-5-million-series-d-as-it-heads-into-banking/.
- ↑ 12.0 12.1 Elkins, Kathleen (16 February 2018). "I used an investing app for the first time and it made for the easiest $300 I ever saved". CNBC Make It. https://www.cnbc.com/2018/02/16/investing-app-stash-made-for-the-easiest-300-i-ever-saved.html.
- ↑ McAlone, Nathan (February 9, 2019). "Stash is an app that says millennials want to invest based on 'values,' and it's now available on iOS and Android". Business Insider. https://www.businessinsider.com/stash-app-launches-android-version-2016-3.
- ↑ O'Shea, Arielle; Coombes, Andrea (January 3, 2019). "Stash Review 2019". NerdWallet.
- ↑ Bahney, Anna (20 February 2018). "How to keep your kids from being ignorant with money". CNN Money. https://money.cnn.com/2018/02/20/pf/kids-money/index.html.
- ↑ Fries, Tim (September 30, 2020). "Best Stock Trading Apps". https://tokenist.com/investing/best-stock-trading-apps/.
- ↑ Kirby, Carrie (5 June 2017). "Everyone's Using Spare Change Apps — Are They Really Worth It?". https://www.wisebread.com/everyones-using-spare-change-apps-are-they-really-worth-it.
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