Tuesday, March 12, 2019

Green Dot Powers Mobile Banking For Stash

Monrovia, California-based Green Dot, the prepaid card and mobile banking giant, is powering the new banking offerings for mobile investing and financial app startup Stash. Stash, based in New York, said that it will start offering up mobile-based banking accounts from Green Dot, which includes a debit account, access to Green Dot's network of ATMs, as well as other features. Stash offers up a mobile app which lets users buy stocks starting as little as $5, with an aim of helping users become more familiar with investing. The company offers up mostly blue chip stocks and ETFs, letting users buy fractional shares, with a heavy dose of educational content. It's unclear if Green Dot has taken a stake in Stash with the deal; Stash announced its expansion of services comes alongside a $65M funding round, its Series E funding. The company's investors include Breyer Capital, Union Square Ventures, Coatue Management, Entree, Goodwater and Valar Venture Partners.

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