New York based cash-back and banking startup for renters raised $12m in Series A financing led by RET Ventures.
| less than a minute read
Stake raises $12m in Series A funding
"Renters don't need more debt or loans," noted Rowland Hobbs, Co-Founder and CEO of Stake. "What renters need is money to help with everyday essentials and to establish long-term savings. With Stake, we have reimagined the classic ‘rainy day fund’ for renters to build the sort of wealth traditionally associated with home ownership. Now, their largest expense is also their largest source of savings.”
