Our partners in Miami warned us that after a bit of time, many of the stories we post might start to look the same to us, and we have to admit this has already begun after only 6 weeks of publishing our site. So when we read about a new round of funding for a fintech named "Stash", we thought, SAY........this looks mighty familiar. Micro-investing (seen that before), cool, mono-syllabic company name (Stash, hike & Vurb are just three that appear on Crunchbase today). See what we mean? Still we love all the new players in fintech and love to see what they bring to the market.
Stash offers the opportunity to invest for as little as $5, and the homepage has a guy with a whole lotta tattoos on his arm, using his smartphone to "pick from a short list of investments curated for them". On their site, they refer to their firm as a "virtual advisor".
There's other sites that allow micro-investments as well - Acorns, Worthy (we just saw the founder speak last night), WiseBanyan, etc. So the micro-investment category is an important one, and one that FintekNews readers should stay abreast of. Their marketing definitely skews 20-something.
From their site....."We are a new generation of investors. A community of people who care about what’s happening in the world. People who envision a future where investors can do well and do good."
Keep an eye on this, RIAs and wealth managers. Firms like these are your competition for future retail investing from millennials.
Total Equity Funding
$13.75M
Most Recent Funding
$9.25M Series A
Read Full Listing at Crunchbase