Stash Financial, a beginner investing app, has reportedly closed a $52.6m debt offering, which came from a dozen of investors.
The capital was supplied by a mixture of existing and new investors, according to a report from CoinDesk.
Stash is an investing app for beginners that helps Americans build diverse investment portfolios.
Its mobile app boasts automated investing, with users simply answering questions at the creation of the portfolio. It will create a diverse portfolio, including investments into US companies, emerging markets, foreign markets, bonds and cryptocurrencies.
Users can invest into stocks and EFTs with no added commission fees. They also receive personalised investing advice and dividend reinvestments.
The beginner investing app previously raised $125m in its Series G funding round back in February 2021. The investment was led by Eldridge, with commitments also coming from T. Rowe Price Associates, Goodwater Capital, Entree Capital and others.
Earlier in the year, Stash extended the access to cryptocurrencies on its platform. Users can now access eight of the largest digital tokens, with guardrails in place so they can invest with confidence.
Another recent development from Stash was the launch of Stash Core. The is a banking account that includes a Stock-Back? Debit Mastercard and increased rewards. It currently has banking features, but will soon offer credit, savings, lending and more.
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