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Stash
Banking and investment app
- 201-500 employees
- Fintech
- B2C
- Cryptocurrency
- Investing
- Financial Services
- SaaS
- Mobile
- Garment District, New York, NY
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Company mission
Stash's mission is to empower everyday Americans to build wealth by making investing simple and affordable.
Few candidates hear
back within 2 weeks
-13% employee growth in 12 months
Our take
Founded in 2015, Stash was created in response to studies showing that 44% of Americans don’t invest in stocks, 70% of households don’t have a long-term financial plan, and 68% are afraid to retire. Stash offers beginner retail investors the tools to invest small amounts in stocks and exchange-traded funds. Its aim is to help new investors learn the ropes, offering preference-tailored guidance and digestible investment summaries.
Its service, although pricier than competitors like Wealthfront and Acorns, remains competitive through its highly educational and beginner-friendly focus. This is a lucrative feature for Stash, given the recent surge in first-time and amateur retail investors. The company has more than 6 million customers, and its assets under management total about $3 billion.
Its focus on long-term profit over day trading is refreshing in the retail investment app market. It could prove especially attractive to its younger customer base (average age 29), who are on the whole trending away from traditional legacy banking and looking towards new, innovative financial platforms.
Stash was not immune to the market turmoil of 2022 which particularly impacted the fintech sector, and was forced to restructure. Having streamlined the business, it received major funding and a leadership change in 2023. Stash is now setting its sights on an acquisition or public offering in the near future.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Unlimited time off
- Work remotely from anywhere in the U.S. or U.K
- Learning & Development stipend
- Excellent medical, dental & vision insurance
- Paid parental leave
Company values
- Prioritize People
- Obsess Over The Customer
- Take Ownership
- Create Solutions
Funding (last 2 of 11 rounds)
Oct 2023
$40m
CONVERTIBLE
Oct 2022
$52.6m
CONVERTIBLE
Total funding: $510.9m
This company has top investors
Leadership
Brandon Krieg
(Co-Founder)Brandon started his career as a Partner at EdgeTrade, where he spent 9 years, before working as MD of Knight Capital Group for half a decade. He left his role as Head of Global Electronic Execution at Macquarie Securities Group to co-found Stash in June 2015.
Ed Robinson
(CEO & Co-Founder)They joined Macquarie Group in 2005, where they worked for 10 years. Initially starting in private banking, they progressed from Asian Sales Trader to European Sales Trader and then ultimately Head of Sales, Electronic Execution. They left this role in 2015 to co-found Stash.