FinTech News
FinTech Brokerage App Stash Raises $146 Million in Latest Round
A popular brokerage app has revealed its latest “mega-round.”
About the Round:
This week, Stash announced that it’s raised a new round of $146 million. The Series H was led by Goodwater Capital with returning investors Union Square Ventures, StepStone Group, Serengeti, and the University of Illinois Foundation also participating alongside funds and accounts advised by T. Rowe Price Investment Management, Inc. To date, Stash has now raised $666 million in funding, including a $125 million Series G back in 2021.
With this fresh capital, Stash intends to deepen its investment in AI, specifically as it applies to financial guidance. The company notes that this effort speaks to its mission to make such guidance accessible to as many people as possible. Recently, Stash introduced Money Coach AI, which can translate expert investing strategies to users in real time. The tool can also be used to provide customers with customized diversification guidance, choose initial investments, and more.
The new round comes at a pivotal time for Stash as well. Last fall, the company’s co-founders and co-CEOs Brandon Krieg and Ed Robinson returned to FinTech. According to Stash, the platform now has 1.3 million paid subscribers. Moreover, the service has $4.3 billion in assets under management.
What They’re Saying:
Commenting on what this new round means for Stash, co-founder and co-CEO Ed Robinson said, “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. Now, we’re doubling down—transforming how people save, invest, and build long-term wealth with AI-powered intelligence at the core.”
Meanwhile, Goodwater Capital founder and managing partner Chi-Hua Chien said of the firm’s investment, “With Brandon and Ed leading the way, Stash is laser-focused on innovation, growth, and setting a new industry standard. Stash isn’t just using AI to enhance its platform—it’s using AI to transform how people engage with their money. The company’s momentum is undeniable, and we are proud to support this next frontier in FinTech.”
My Thoughts:
As I’ve mentioned in the past, my instinct is to roll my eyes a bit when I see various companies talk up their use of AI. That’s because it seems as though the big ideas they have for new features and capabilities are never really as impactful as they make them seem. Having said that, I have not yet tried Stash’s Money Coach AI (despite being a Stash user), so I can’t exactly speak on whether that’s the case here.
Regardless of the buzzwords that may have helped Stash claim this Series H, I’m glad to see that the company is having a moment following the return of its co-founders. I’ll definitely be interested to see where they go from here.
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