Stash (company)

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Stash Financial, Inc.
StashLogoPurple.svg
Type of site
Private
FoundedFebruary 2015; 4 years ago (2015-02)
Headquarters,
United States
Founder(s)
  • Brandon Krieg
  • Ed Robinson
  • David Ronick
IndustryFinancial technology
ProductsInvestment management, investment portfolios, stock portfolios, stock trading
Websitestashinvest.com
UsersIncrease 3.5 million users (July 2019)
Current statusActive

Stash Financial, Inc., or simply Stash, is an American financial technology and financial services company based in New York, NY. The company operates both a web platform and mobile apps, allowing users to incrementally invest small amounts. As of July 2018, Stash had approximately 2.4 million users.[1][2][3]

History and services[edit]

Stash was founded in February 2015 by Brandon Krieg, David Ronick, and Ed Robinson.[4][5]

It was launched on the iOS App Store in October 2015[6][7] and was made available on Android in March 2016.[8]

Through the web platform and mobile apps, users can invest as little as $5 increments into fractional shares of stocks[3] and more than 40 exchange-traded funds (ETFs).[9][10] Users can invest in personal brokerage accounts, retirement accounts, Roth IRAs, traditional IRAs, or custodial accounts.[11][12] Stash also offers financial education and automatic investing.[13][14]

Reception[edit]

In February 2018, CNBC praised the app's easy to use features and automation.[15] In January 2019, NerdWallet stated that Stash was good for new investors and those wanting guidance, but that the $1 fee for accounts under $5000 was high for lower balances as a percentage of assets and that other services could offer more value.[11]

See also[edit]

References[edit]

  1. ^ Barzilay, Omri (November 9, 2017). "Stash To Build Banking App "For All Americans"". Forbes. Retrieved September 21, 2018.
  2. ^ Bodley, Michael (April 25, 2016). "New apps make stock market affordable for students". USA Today. Retrieved September 21, 2018.
  3. ^ a b Long, Heather (16 October 2015). "How to get started investing...for $5". CNN Money. Retrieved February 9, 2019.
  4. ^ Elkins, Kathleen (October 21, 2016). "Wall Street vets left 6-figure jobs to launch an app that makes investing easy". CNBC. Retrieved September 21, 2018.
  5. ^ Noto, Anthony (12 February 2018). "Investment app Stash secures $37.5 million funding round". New York Business Journal. Retrieved February 9, 2019.
  6. ^ Long, Heather (16 October 2015). "How to get started investing...for $5". CNN Money. Retrieved February 9, 2019.
  7. ^ del Castillo, Michael (14 October 2015). "50,000 people on waitlist for app that lets Millennials invest in their beliefs". New York Business Journal. Retrieved February 9, 2019.
  8. ^ McAlone, Nathan (31 March 2016). "Stash is an app that says millennials want to invest based on 'values,' and it's now available on iOS and Android". Business Insider. Retrieved February 9, 2019.
  9. ^ Elkins, Kathleen (16 February 2018). "I used an investing app for the first time and it made for the easiest $300 I ever saved". CNBC Make It. Retrieved February 9, 2019.
  10. ^ McAlone, Nathan (February 9, 2019). "Stash is an app that says millennials want to invest based on 'values,' and it's now available on iOS and Android". Business Insider. Retrieved February 9, 2019.
  11. ^ a b O'Shea, Arielle; Coombes, Andrea (January 3, 2019). "Stash Review 2019". NerdWallet.
  12. ^ Bahney, Anna (20 February 2018). "How to keep your kids from being ignorant with money". CNN Money. Retrieved February 9, 2019.
  13. ^ Perez, Sarah (12 February 2018). "Simplified investing app Stash raises $37.5 million Series D as it heads into banking". TechCrunch. Retrieved February 9, 2019.
  14. ^ Kirby, Carrie (5 June 2017). "Everyone's Using Spare Change Apps — Are They Really Worth It?". Wise Bread. Retrieved February 9, 2019.
  15. ^ Elkins, Kathleen (February 16, 2018). "I used an investing app for the first time and it made for the easiest $300 I ever saved". CNBC. Retrieved February 9, 2019.