Stash, the investing and banking app with more than 2 million customers and nearly $3 billion in assets under management, announced today that it successfully built and launched Stash Core, its new, proprietary infrastructure platform that underpins the service for Americans who bank like investors. Stash Core is a world-class system that unlocks innovations in banking and, in the future, new capabilities in credit, savings, lending, and more. It will also allow the company to welcome new subscribers and meet demand more easily.
Built on Stash Core, the updated Stock-Back® Debit Mastercard®, improved customer assistance, and updated benefits, such as higher rewards, are all part of Stash’s new banking account experience. Customers may earn stock and invest it when they shop thanks to the first and only Stock-Back® Debit Mastercard® (their patent was just approved). Stash users will be able to earn up to 4 times more in the future with the relaunched card. To date, Stash has awarded more than 59 million stock rewards.
“Stash Core gives us flexibility and ownership of every customer touchpoint. It’s the future of inclusive finance and transformative to our business,”
“The entire Stash platform is for everyday Americans who want to build long-term wealth with a trusted partner. With Stash Core and the Stock-Back® Debit Mastercard®, we are able to deliver the very best in financial tooling, customer service, and AI-powered, personalized wealth-building for those who want to earn stock and invest as they spend.”
Stash’s co-founder and CEO Brandon Krieg.
The leading FinTech company, which has over $125 million in annualized sales and is still adding customers, just released Stash Core. Weekly contributions have climbed by 30% over the last two years as more regular Americans turn to Stash to save and invest in the world that is changing so quickly right now. Mastercard, Stride Bank, Marqeta, Mambu, Alloy, and more than a dozen additional leaders in their respective industries have integrated with Stash Core in some capacity.
“Stride Bank is proud to partner with Stash on the development and ongoing support of Stash Core and in issuing Stash’s Stock-Back® Debit Mastercard®,”
“The consumer-friendly features of Stash’s Stock-Back® Debit Mastercard®, which allow people to earn stock as they spend, is an extremely unique offering. Together with Stash’s financial education, customers grow their knowledge and diverse investments. Stash’s goal of empowering Americans to build better financial futures makes them an ideal partner for Stride Bank, as we are a leading fintech bank focused on driving financial innovation with integrity.”
Jimmy Stallings, President of Payments, Stride Bank.
“Today’s digital world requires payment solutions that give people choice, control and empowerment in their financial lives,”
“Mastercard shares in Stash’s vision of delivering an innovative and trusted experience, and we’re excited to work closely as the exclusive network to bring Stash’s Stock-Back® Debit Mastercard® to more people and support this next stage of growth.”
Sherri Haymond, executive vice president, Digital Partnerships at Mastercard.
“We’re proud to enable Stash’s new banking platform as they deliver seamless new financial services experiences for their customers,”
“Our partnership with Stash showcases the range of innovative banking and money movement solutions made possible by Marqeta’s APIs, and we look forward to supporting them as they grow and scale Stash Core and the Stock-Back® Debit Mastercard® across the globe.”
Simon Khalaf, Chief Product Officer at Marqeta.
“Stash and Mambu worked together to develop a new banking experience with savings goals that will make life easier for customers,”
“The Stash team brought strong technical experience and a collaborative mindset, and it was a pleasure to work with them to build something that will be so useful to millions of people beginning their investing and savings journeys.”
Robin Smith, Regional VP, North America, Mambu.
“We are thrilled to support Stash on the launch of Stash Core both because we are fans of the platform and because it supports our vision to create a more dynamic and accessible financial industry,”
“With Alloy’s identity decisioning platform, new and existing Stash customers can feel confident in the security of their assets.”
Tommy Nicholas, co-founder and CEO at Alloy.
The Stash Stock-Back® Debit Mastercard®, Auto-Stash, zero overdraft fees, direct deposit up to two days early, saving and budgeting tools, advanced mobile wallet capabilities, contactless payments, easy access to more than 55,000 ATMs, FDIC insurance up to $250,000 through Stride Bank, N.A., Member FDIC, plus advanced security features like Mastercard Global ServiceTM and Mastercard Zero Liability, are just a few of the advantages of the new banking account for every Stash