Stash

Stash

Investing app for personal finance management

About Stash

Simplify's Rating
Why Stash is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

N/A

Total Funding

$497M

Headquarters

New York City, New York

Founded

2015

Overview

Stash provides an investing app that aims to make investing easy and affordable for everyone. Users can select their own stocks and ETFs with guidance from experts, and they can also benefit from a Stock-Back debit card that rewards them with stock as they make purchases. The app offers automated investing tailored to individual goals, allowing users to build wealth without needing deep financial knowledge. Stash differentiates itself from competitors by focusing on everyday consumers and offering a subscription model for various service tiers, which provide different levels of investment advice and features. The company's goal is to empower over 6 million Americans to save and invest for their future, and it has recently introduced StashWorks, a program that helps employees save and invest through their workplaces.

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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Stash raised $40M, indicating strong investor confidence and growth potential.
  • The rise of automated financial advice aligns with Stash's services.
  • StashWorks taps into the growing trend of financial wellness in employee benefits.

What critics are saying

  • Increased competition from fintech companies like Robinhood and Acorns.
  • Potential regulatory scrutiny over fractional shares and cryptocurrency offerings.
  • Economic downturns may challenge Stash's subscription-based revenue model.

What makes Stash unique

  • Stash offers fractional shares, making investing accessible with small capital.
  • The Stock-Back card rewards users with stock for everyday spending.
  • Stash provides automated investing tailored to individual financial goals.

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Funding

Total Funding

$497M

Above

Industry Average

Funded Over

10 Rounds

Notable Investors:
Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Convertible Funding Comparison
Coming Soon

Benefits

Equity & Stash Accounts [Invest, Retire, Custodial, Bank]

Flexible PTO

Learning & Development Fund

Work from Home Stipends

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

2%

2 year growth

6%
TechCrunch
Oct 13th, 2023
Armed with $40M in fresh capital, fintech Stash says it's moving toward an IPO | TechCrunch

Stash, an investing app, is taking advantage of a tool that’s been around for some time – a convertible note. The company told TechCrunch exclusively that Investing app Stash has hired its first independent audit chair as it secures a $40M convertible note led by T. Rowe Price.

PR Newswire
Oct 13th, 2023
Stash Introduces Amy Butte, Former Cfo Of Nyse, As First-Ever Independent Audit Chair

CEO Liza Landsman also announces more than $40 million in new financing led by T. Rowe Price with notable participants including Union Square VenturesNEW YORK, Oct. 13, 2023 /PRNewswire/ -- On the heels of a record-breaking year for Stash , today the fintech announced the renowned CFO and advisor Amy Butte as its first-ever independent audit chair. The company also announces the infusion of $40 million led by funds and accounts advised by T. Rowe Price Investment Management, Inc., with a mix of strategic and existing investors including Goodwater Capital and Union Square Ventures. Bolstered by new leaders and a new round of financing, Stash enters its next phase of growth with profitability in sight."The addition of Amy, who is amongst the most accomplished leaders in the financial services space, plus a new round of financing from marquee investors, are clear indicators of the strength of Stash's business

PR Newswire
Jul 26th, 2023
Goodwater Raises Over $1 Billion To Support Consumer Technology Startups Globally

Goodwater's integrated services help early and growth stage founders and management teams win massive consumer marketsBURLINGAME, Calif., July 25, 2023 /PRNewswire/ -- Goodwater , the largest venture capital fund exclusively focused on consumer tech investments, announced today that it has raised over $1 billion across its family of early and growth stage funds. With this raise, Goodwater accelerates its mission to empower exceptional entrepreneurs everywhere to change the world for good. With a clear consumer tech focus and global reach, the firm has backed 79 early and growth stage startups in 19 countries around the world. Founded in 2014 by industry veterans Chi-Hua Chien and Eric Kim, the firm now manages over $3.3B in committed capital and continues to scale as much of the venture industry is slowing.Goodwater's founding partners: Eric Kim and Chi-Hua Chien."During a tough time in the market we are ready to support the very best early and growth stage consumer tech startups with $1 billion of fresh capital. We appreciate the support and trust placed in us by our Limited Partners. This new capital will fuel our global investing approach and strengthen our position as the best consumer tech investing platform in the world," said Chi-Hua Chien, Co-Founder & Managing Partner."With our laser focus on consumer tech, global portfolio of companies building market-leading digital consumer utilities, and software-enabled platform, we are energized to champion the success of the most promising consumer tech startups around the world," added Eric Kim, Co-Founder & Managing Partner

FF News
Feb 3rd, 2023
Introducing Liza Landsman As Stash Ceo

Stash, the pioneering fintech that empowers millions of Americans to invest and save, today announces Liza Landsman, one of the country’s leading executives and investors in e-commerce and consumer finance, as its new CEO effective February 6, 2023.Liza Landsman, an independent Stash board member since mid-2022, has served in key operations and leadership roles at Jet.com, Citigroup, BlackRock, and E*TRADE, where she guided the companies through seismic change and record-breaking growth in consumer engagement and profitability. Until last week she served as a General Partner at NEA, a global venture capital firm with more than $25 billion in assets under management1, during an era of unprecedented impact across industries including fintech and consumer products.“Stash empowers millions of Americans to manage and grow their wealth. Its simple-yet-disruptive subscription platform, rooted in a deep commitment to the financial well-being of our customers, is exactly what millions of everyday Americans need today,” said Landsman. “I’m so appreciative to both Brandon and Ed and excited to work with the incredible team at Stash. Together they’ve built a rock-solid foundation.”Landsman, whose storied career includes leading Jet.com from launch to its $3.3 billion acquisition by Wal-Mart, joins Stash at a transformative moment for the company and its more than 2 million subscribers. Despite inflation fears and a looming recession, revenue surpassed $100 million and grew nearly 30% last year, with customers setting aside almost $3 billion on the platform thanks to regular and automatic deposits of $30 on average2.“Liza is the right person to lead Stash as we continue to hit major revenue and customer milestones and evolve the business

PYMNTS
Nov 14th, 2022
Stash Adds Venture Investor Liza Landsman As Independent Board Member

As it enters its next stage of growth, investing and banking app Stash has added eCommerce expert and venture investor Liza Landsman as an independent board member. Landsman serves as a general partner at global venture capital firm New Enterprise Associates (NEA). Before that, she was president of Jet.com and held top positions at Citigroup, BlackRock and E*Trade, Stash said Monday (Nov. 14) in a press release

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