Stash’s app offers fractional investing in stocks and ETFs, IRAs, checking accounts and a debit card that rewards purchases with fractional shares back for a flat monthly fee of $1 to $9. In January it rolled out Smart Portfolio, a Stash managed portfolio matched to an investor’s risk tolerance, with a $5 minimum investment and a 4% to 6% allocation to crypto. Already, 500,000 users have put money into Smart Portfolios. Last summer, Stash acquired financial literacy platform PayGrade and rebranded it Stash101, offering free educational content for students, teachers and parents.
Funding: $467 mi... Read More
Stash’s app offers fractional investing in stocks and ETFs, IRAs, checking accounts and a debit card that rewards purchases with fractional shares back for a flat monthly fee of $1 to $9. In January it rolled out Smart Portfolio, a Stash managed portfolio matched to an investor’s risk tolerance, with a $5 minimum investment and a 4% to 6% allocation to crypto. Already, 500,000 users have put money into Smart Portfolios. Last summer, Stash acquired financial literacy platform PayGrade and rebranded it Stash101, offering free educational content for students, teachers and parents.
Funding: $467 million from Union Square Ventures, Goodwater Capital, Eldridge Industries and others.
Latest valuation: $1.3 billion.
Bona fides: Revenue grew 65% to $86 million in 2021, while paying customers grew from 1.8 million to 2.4 million.
Cofounders: CEO Brandon Krieg, 47, and president Ed Robinson, 38, who met working on Macquarie’s electronic trading team. Read Less
