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New York based micro-investing startup Stash has raised a $37.5m Series D round led by Union Square Ventures, after raising a $40m Series C in July 2017.
Stash currently serves over 1.7 million clients and 5 million subscribers, with approximately 40,000 new clients joining weekly – making it the fastest-growing app in the U.S. The company aims to help Americans achieve their investment goals, competing with products like Robinhood, Acorn and others. Most of Stash’s users make under $50,000 per year, and can start building a portfolio with as little as $5. They can even make specific investments that are in line with their beliefs and goals. And at some point this year, Stash will launch a new banking service, with accounts held at an undisclosed partner bank.
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