Stash Raises $65M to Expand Banking and Micro-Investment Platform

Stash, a consumer savings and micro-investment app, secured $65M in funding in March 2019 from investors including Union Square Ventures and Breyer Capital. The platform enables users to invest starting at $5 and offers FDIC-insured bank accounts through a partnership with Green Dot Bank's subsidiary, representing a clear embedded finance and bank-fintech partnership model. Stash announced a stock-back debit card rewards feature, allowing users to earn fractional shares of stock from everyday purchases.

With over 2 million users at the time of the raise, Stash demonstrated strong consumer traction for embedded banking products delivered through a fintech interface. The funding was expected to support product development and user acquisition. The deal highlights how consumer fintechs leverage BaaS relationships with chartered banks like Green Dot to offer regulated financial products without holding their own banking license.

Financial terms beyond the $65M total were not fully disclosed.