Stash has announced the appointment of Amy Butte as its first independent audit chair, following a record-breaking year for the FinTech.
Simultaneously, the company has secured a substantial infusion of $40 million in funding, led by funds and accounts advised by T. Rowe Price Investment Management, Inc., with participation from strategic and existing investors such as Goodwater Capital and Union Square Ventures.
With this fresh talent and financial backing, Stash is entering an exciting new phase, marked by a strong focus on profitability.
Stash is an innovative investing app dedicated to empowering individuals to invest wisely and improve their financial lives. Offering plans starting at just $3 per month, Stash provides access to a range of user-friendly, automated solutions designed to help people achieve financial security and peace of mind through investing. In the past year, this pioneering fintech company achieved over $100m in annual revenue and boasts 2 million active subscribers who have collectively set aside nearly $3bn, with average deposits of $33.
Amy Butte, a distinguished leader in financial services, has been appointed as Stash’s independent audit chair. With an impressive track record, including taking companies public as a director, advisor, and CFO, and contributing to the historic IPO of the New York Stock Exchange, Butte brings a wealth of experience to the role. Her current board affiliations include Bain Capital Specialty Finance and DigitalOcean, following seven years on the board of BNP Paribas USA and six years on the Fidelity Strategic Advisers Funds Boards. As a founder and strategic advisor, she has long been dedicated to engaging and educating the next generation of investors.
Stash’s independent audit chair Amy Butte said, “Stash uniquely combines financial services and tech to create real value for its customers, in all the right ways. With its scale and differentiated business model, the possibilities for Stash are vast and extremely exciting. I’m thrilled to join Liza and the rest of the board to help ready the organization for the future.”
CEO Liza Landsman said, “The addition of Amy, who is amongst the most accomplished leaders in the financial services space, plus a new round of financing from marquee investors, are clear indicators of the strength of Stash’s business. It also signals our widely ambitious future. We will move even faster to scale while committing to increasing levels of rigor and transparency—all in service of supporting our millions of customers. Profitability, and the flexibility it provides, is within reach.”
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Stash, Amy Butte, Independent Audit Chair, Fintech, Investment, Financial Services
