NEW YORK — Stash, a mobile investing app, announced it has raised $25 million in Series B funding led by Valar Ventures, with participation from Breyer Capital, Goodwater Capital, and Entrée Capital. The company made the announcement just a few months after closing a $9.25 million Series A funding round in August.
Stash has added more than 300,000 customers in just over a year. The company is trying to promote financial literacy and empowering its customers. As a result, more than 10,000 people are joining Stash every week.
“We help make investing easier and more accessible for a large, diverse group of Americans. These same people used to find investing confusing, unrelatable and intimidating,” said Brandon Krieg, CEO and co-founder of Stash. “Our goal is to break down the barriers to investing by promoting financial literacy, helping people develop smarter financial habits and empowering those who have been underserved by the financial services industry. We’re ecstatic about this new round of funding that will enable us to bring Stash to millions more customers and expand our financial education services.”
With this latest round of funding, Stash plans to develop new features, services and products for its online community.