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Stash, a fintech startup that lets users invest small amounts in ETFs and fractional shares of stocks, announced Thursday it has partnered with Green Dot Corporation (NYSE:GDOT) to bring banking functionality to its app.
What Happened
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Stash is adding bank accounts with debit cards to its investing product, according to a press release. The accounts won't have overdraft fees and offer account holders access to Green Dot Bank’s ATMs.
Why It’s Important
Stash is growing rapidly—the company says it has 2 million customers and adds 40,000 every week. The company has also raised a war chest of over $100 million in venture capital. Its addition of banking features shows that it plans to offer more functionality and compete for customer attention in an increasingly crowded personal finance app space.
What’s Next
Stash’s messaging focuses on middle-class investors and savers, and its venture backing shows investors think this approach will bear fruit.
Stash CMO Dale Sperling recently discussed the company’s growth strategy at the Benzinga Women’s Wealth Forum.
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Stash Invest's CMO Talks About The Company's Growth
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.