Stash, a New York City-based micro-investing startup, raised $65m in funding.
The round was led by an unnamed institutional investor, with participation from Union Square Ventures and Breyer Capital.
The company intends to use the funds to continue to expand operations.
Led by Brandon Krieg, CEO, and Ed Robinson, President, Stash allows over 2m consumers to save money and make micro-investments (as little as $5 at a time) through a mobile app also offering a debit account linked to a card. The company has also launched a rewards program for people to receive fractional shares of stock of publicly traded companies when they make certain purchases on Amazon.com, Chipotle, and other stores.
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Stash’s banking services are offered in partnership with Green Dot Corporation and its subsidiary Green Dot Bank (Member FDIC).