Stash secures $40m in Series C funding
Written by Chris Lemmon
FinTech investment platform Stash has raised $40 million in Series C funding, led by Coatue Management and existing investors Breyer Capital, Goodwater Capital and Valar Ventures.
Stash has grown faster than any other investing service in the US and has raised a total of $78 million in less than two years. It is presently servicing over 850,000 accounts, 86 per cent of which are first-time investors. In 2017 alone, Stash added over half a million new investors to its platform, with over 25,000 new customers joining every week.
Stash guides its customers to financial independence, allowing customers to invest in high quality funds in a secure manner, through smart and effective strategies that they will use for life.
This latest round will accelerate Stash’s investments in technology and data analytics, to better serve its growing community of investors with more personalization, educational tools, and new products. Stash Retire, a simplified retirement platform, is scheduled to launch this summer for iOS and Android.
Brandon Krieg, CEO and co-founder of Stash, commented: “When it comes to investing, too many Americans are standing on the sidelines because they’re unsure where and how to begin. Stash is the only investment platform focused on educating and empowering beginner investors.
“For too long, the financial services industry only made investing accessible to the rich, but at Stash, we believe anyone can become an effective investor with the right tools and education.”