US investment and banking app Stash has built and launched its own core banking platform, Stash Core.
Stash’s new banking solution, based on Stash Core, includes access to an upgraded Mastercard debit card that allows customers to earn shares and invest on their purchases, which Stash has patented. It also includes customer support and benefits, including increased rewards.
The fintech says Stash Core will enable it to develop new credit, savings and lending capabilities in the future, allow the company to onboard new subscribers and meet demand.
“The entire Stash platform is for everyday Americans who want to build long-term wealth with a trusted partner,” says Brandon Krieg, co-founder and CEO of Stash.
“With Stash Core and the stock-back debit Mastercard, we are able to provide the best in financial tools, customer service and personalized AI-powered wealth creation for those who want to earn stocks and invest. as they spend.”
Stash has partnered with Stride Bank, Mastercard, Marqeta, Mambu, and Alloy, among others, to develop Stash Core.
The New York-based investment app raised $125 million in a Series G funding round in February 2021. It claims more than two million customers and $3 billion in assets under management.