CHARLOTTE, N.C., May 4th, 2020– LendingTree, a leading online financial services marketplace has made a strategic investment in one of the fastest-growing banking and investing services in the US known as Stash.
The investment from LendingTree is part of Stash’s Series F funding, which includes funds and accounts advised by T. Rowe Price Associates, Inc. as well as Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures, and other investors.
Since its launch in 2015, Stash has helped over 4.5 million Americans take control of their finances, avoid fees, and achieve their financial goals. Stash offers all-in-one subscriptions that prioritize affordability, accessibility, education and simplicity, and include personal investment accounts, Traditional and Roth IRAs, custodial investment accounts, banking services, checking accounts and debit cards.
Additionally, the company has given away over 9.5 million fractional shares of stock through the world’s first Stock-Back rewards program, which turns customers into investors through their everyday purchases.
“LendingTree has become increasingly focused on the asset side of the consumer’s balance sheet, and Stash is a pioneer in that space,” said Doug Lebda, founder and CEO of LendingTree. “Stash is fiercely pro-consumer in both its product offering and mission, and we see countless synergies between our organizations. With LendingTree’s customer reach, marketing breadth, and comprehensive credit and debt offerings, and Stash’s focus on education and advice around saving and investing, we can help the consumer and each other. We couldn’t be more confident in our decision to invest in this business and its talented team.”
“Stash is dedicated to making an impact in millions of Americans’ lives by providing them with advice and coaching along with simple, personalized tools to help shape positive, long-term financial habits,” said Brandon Krieg, co-founder and CEO of Stash. “We’re confident that LendingTree’s experience and success in delivering customer-first financial solutions will have a powerful impact on our ability to reach even more people who need a better way to save and invest.”