Investing app Stash raises $52.6 million TechRadar

  • The convertible debt offering was revealed in a regulatory filing
  • Customers will be able to purchase eight of the largest and most established cryptocurrencies
  • Stash previously raised $125 million in a Series G round

Stash announced in early October that it would support subscriber purchases for eight digital assets, including BTC and ETH, and the $52.6 million convertible debt round followed.

In February 2021, Stash successfully completed a Series G fundraising round with a capital injection of $125 million.

The offering consists of convertible debt

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Stash, a new investment app, has expanded its services to include support for eight cryptocurrencies, including Bitcoin and Ethereum, and raised $52.6 million through a debt offering.

According to a filing, Stash received funding from a dozen investors when the convertible debt offering, which can be exchanged for stock or another form of equity in the issuing entity, opened on September 6.

Stash announced in early October 2022 that the fully managed wallet services it launched in January of the same year would now include support for purchasing Ethereum, Chainlink, Avalanche, Ethereum Classic, Solana, and Uniswap tokens.

In February 2021, the company, which is estimated to be worth around $1.4 billion, staged a $125 million Series G fundraising round led by holding company Eldridge with additional capital from the management company. of T. Rowe Price Investments.

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Stash announces expanded crypto access

Stash’s expanded cryptocurrency access is now available to its more than 2 million active subscribers through a separate cryptocurrency account, according to a statement released today by investing and banking app Stash. .

Apex Crypto provides power for investments. Customers will only be able to buy eight of the biggest and best-known cryptocurrencies on Stash, with safeguards in place so they can invest with confidence.

These services help clients make informed investment choices and allow them to easily achieve their long-term financial goals, while introducing them to a new asset class.

Stash has partnered with Apex Crypto, a subsidiary of Apex Fintech Solutions, as a provider of cryptocurrency investment infrastructure to enable its expanded crypto access.

According to Rachel Saunders, CEO of Apex Crypto, Stash offers Americans of all backgrounds access to various wealth-building tools, and we are excited to help them bring crypto investment opportunities to their clients. With personalized in-app experience, content, and education, it makes it easier and cheaper for Americans to grow their wealth.

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Investing app Stash raises $52.6 million TechRadar

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