Background
The original problem that Stash was built to solve was that investing is intimidating, and it’s hard to know where to start. With our invest products, we already offered a way to invest in fractional shares and provided education and advice to demystify the stock market. What if we could remove even more of that mental friction and automatically build your portfolio based on the places that you like to shop?
The idea for Stock-Back rewards came together quickly just before our official launch of the Stash Banking product. The fact that the product shipped before launch was a minor miracle and a testament to the dedication and agility of our entire organization.
How do Stock-Back rewards work?
When you spend at companies with stock listed on our platform, like Walmart, Amazon, and Starbucks, you’ll earn Stock-Back rewards in those companies’ stock. When you spendanywhere else, like your local car wash, we’ll reward you with a piece of a diversified fund of your choice.
Evolution & Challenges
Our Stock-Back program has changed a lot since its inception. We’ve added the ability to customize where you earn when there isn’t a match. We’ve added thousands of new stocks, and we’re constantly improving the algorithm that maps merchants to stocks. We introduced tons of new promotions and the Stock-Back wheel as a fun way to boost your rewards.
The future for Stock-Back rewards
We’re already looking towards 100 million and we have a lot more planned for Stock-Back! In the next year, you’ll start to see more ways to earn, better insights into your Stock-Back portfolio, more customization, and ways to let you manually top off your rewards.
Disclosures:
This content is for information purposes only. Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser.
Bank Account Services provided by and Stash Visa Debit Card issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Investment products and services provided by Stash Investments LLC, not Green Dot Bank, and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value
Stash Stock-Back® rewards is not sponsored or endorsed by Green Dot Bank, Green Dot Corporation, Visa U.S.A., or any of their respective affiliates, and none of the foregoing has any responsibility to fulfill any stock rewards earned through this program.
