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]
 | |
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | February 2015; 9 years ago (2015-02) |
| Founder |
|
| Headquarters |
,
United States
|
| Products | Investment management, investment portfolios, stock portfolios, stock trading |
| AUM |  $2 billion (2020)[1] |
| Website | www |
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]
In February 2018, CNBC praised the app's automation and ease-of-use.[12]
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]