Stash, the fastest-growing consumer investing app in the US, has raised $37.5m in Series D funding. The round was led by Union Square Ventures, and included existing investors Breyer Capital, Coatue Management, Entree Capital, Goodwater Capital and Valar Ventures.
The financial platform is on a mission to revolutionise how Americans save and invest. Stash currently serves over 1.7 million clients and five million subscribers, with approximately 40,000 new clients joining weekly.
Brandon Krieg, co-founder and CEO of Stash, said:
“The lack of financial security is a rapidly escalating issue in the U.S. Stash’s goal since day one has been to help the masses of underserved Americans jump start their journey towards building a healthy and prosperous future.
“Through intelligent products and an emphasis on education, we’ve been able to meaningfully improve the financial lives of nearly two million clients. We’re proud of what our customers have accomplished, but we’re even more excited for what’s ahead.”
The company said 2018 is “poised to be another groundbreaking year”.