2016-03-25

Fintech Startup Stash: Investment App for Millennials

Stash -- domain: stashinvest.com -- "Stash, the fast-growing investment app for millennials, announced February 9, 2016, that it has raised $3M in seed funding to continue the company’s growth. The round was led by Silicon Valley-based Goodwater Capital, which specializes in early-stage consumer technology companies. Two leading fintech investors also participated in the round: New York-based Valar Ventures, and London-based EntrĂ©e Capital; as did previous investors in the company. By lowering the minimum level of investment, enabling millennials to invest in broad themes that they care about, and guiding them along the path toward building smart lifelong investment habits, Stash has the potential to empower an entire generation to reach their financial goals. Stash is one of the new breed of fintech services transforming the way millennials manage, save and grow their money. This additional funding will support the continued growth and development of the app, including new product features and expansion to the Android platform... [continued further below]

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" ... Stash helps people start investing with as little as $5, gain investing confidence gradually, and build smart financial habits for the long-term. With Stash, you can choose investments from over 30 Exchange Traded Funds (ETFs) or stocks based on your interests, beliefs and goals, and you can purchase fractional shares to start investing gradually. Investments are described in ways that make them easy to understand, such as “Internet Titans,” (online tech giants), and “Clean and Green” (renewable energy companies). Stash doesn’t charge commissions for buying or selling investments and has a transparent monthly subscription fee of $1 per month for accounts under $5,000, with the first three months free; and 0.25 percent a year for balances over $5,000. Some of the most popular investment themes Stashers have chosen include Roll with Buffett (NASDAQ: BRK.B), which allows you to invest in Berkshire Hathaway; Delicious Dividends (NASDAQ: SCHD), which invests in companies with a 10-year history of paying dividends ..." Source: Press Release.




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