Stash (company)
| Company type | Private |
|---|---|
| Industry | Financial technology, Financial services |
| Founded | February 2015 |
| Founder | Brandon Krieg, David Ronick, Ed Robinson |
| Headquarters | New York , United States |
Area served | United States |
| Products | Micro-investing platform, Robo-advisory services, Retirement planning, Banking solutions, Individual and custodial investment accounts |
| Website | stash |
Stash Financial, Inc., commonly referred to as Stash, is a financial technology and services firm headquartered in New York, United States. It offers a digital platform and mobile applications that facilitate incremental investing, often called micro-investing, alongside automated investment guidance through robo-advisory services.
History
Established in February 2015 by Brandon Krieg, David Ronick, and Ed Robinson, Stash debuted its application on the iOS App Store in October 2015, followed by an Android release in March 2016.
By the middle of 2017, the company had amassed approximately one million users. In February 2018, Stash completed a Series D funding round totaling $37.5 million, led by Union Square Ventures. Subsequently, in April 2020, it raised $112 million during its Series F financing round with LendingTree as the lead investor. The user count surpassed five million by July 2020.
Reception
CNBC praised the platform in February 2018 for its streamlined automation features and intuitive user interface.
Services
Through a subscription-based structure, Stash offers retirement planning, banking solutions, individual investment accounts, and custodial accounts.
Its online and mobile platforms enable investments starting at just one cent in fractional shares across thousands of stocks and more than 80 exchange-traded funds. Available account types include personal brokerage accounts, Roth IRAs, traditional IRAs, retirement accounts, and custodial accounts.