Stash Secures $146M Funding to Enhance AI-Powered Money Coach for Wealth Building
Stash, a leading FinTech platform based in the United States, has recently raised an impressive $146 million in its Series H funding round. This funding is aimed at making wealth-building accessible to everyday consumers and enhancing its innovative financial solutions.
Key Highlights of Stash’s Series H Funding
The latest funding round, which was oversubscribed, was spearheaded by Goodwater Capital. Notable participants included returning investors such as Union Square Ventures, StepStone Group, Serengeti, and the University of Illinois Foundation, with additional support from T. Rowe Price Investment Management.
About Stash’s Mission and Offerings
Founded with the vision of democratizing investing, Stash provides a suite of automated financial tools, educational resources, and an intuitive app designed to help users achieve long-term financial wellness. Some key statistics include:
- 1.3 million paying subscribers.
- Over $4.3 billion in assets under management.
Stash has established itself as a significant player in AI-driven financial planning, especially with its recent launch of Money Coach AI. This innovative feature offers real-time, personalized financial advice tailored to users’ needs.
Impact of Money Coach AI
Since its launch, Money Coach AI has facilitated over 2.2 million user interactions. Stash reports that 25% of users engaging with the platform take actionable financial steps—such as investing or activating Auto-Stash—within just 10 minutes.
Statements from Stash Leadership
Stash’s co-CEO, Ed Robinson, expressed his excitement about the funding, stating, “This new funding is a resounding vote of confidence in Stash’s vision for the future of personal finance. For a decade, Stash has helped millions take control of their financial futures.”
Co-CEO Brandon Krieg emphasized the platform’s mission: “For too long, financial advice has been out of reach for everyday people. Stash’s mission has always been to change that. Now, by leveraging the power of AI, we are enabling individuals to understand their financial options and build real wealth.”
Chi-Hua Chien, founder and managing partner at Goodwater Capital, added, “Stash is laser-focused on innovation and growth, setting a new industry standard in fintech. The company’s momentum is undeniable, and we are proud to support this next frontier in financial technology.”
Conclusion
With its recent funding and continuous commitment to innovation, Stash is poised to reshape the future of personal finance, making it more accessible for everyone. For more information on Stash and its offerings, visit their official website at Stash.com.
