Stash, a New York-based start-up, has reportedly raised $40 million in series C funding round by Catue Management.Also, existing investors like Br
Stash, a New York-based start-up, has reportedly raised $40 million in series C funding round by Catue Management.
Also, existing investors like Breyer Capital, Goodwater Capital, and Valar Ventures joined the round. Stash`s total funding amounted to $78 million.
Stash is a company that wants to make investing more accessible to individuals and small companies.
“My co-founder Ed and I left our jobs to start Stash because we believe everyone should have access to financial opportunity.
After a combined 30+ years in the business, we saw that Wall Street can be fundamentally unfair to smaller investors as they work to accomplish their goals. Stash will change that”, as Brandon Krieg, Co-Founder and CEO, wrote on stashinvest.com.
Users can sign up for Stash in exchange for a $5 fee and $1 a month on accounts under $5000, with an annual fee of 0.25% on those over $5000, as finextra.com explained.
Stash claims to have over 850,000 accounts, 86% of which are first-time investors. Furthermore, more than 25,000 customers are singing up every week, as the online media noted.
The latest funds will be spend on technology and data analytics as the start-up promises more personalization, education tools, and new products, including Stash Retire, a simple retirement platform, as the article added.
As Krieg said, the company wants to make investing easier for anyone who wants to do it, and not only the rich, as it was until now.