November 14, 2022 – Stash, the popular investing and banking app that empowers millions of everyday Americans to invest and build wealth, today announced Liza Landsman, one of retail’s most transformative E-commerce leaders and amongst the country’s elite venture investors, has joined Stash as an independent board member as the fintech enters its next stage of growth.
Landsman serves as a general partner at New Enterprise Associates (NEA), a global venture capital firm with nearly $24 billion in cumulative committed capital, focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. Previously, Landsman served as president of Jet.com, where she led the pioneering consumer product company from pre-launch to its acquisition by Wal-Mart. Landsman also held top positions at Citigroup, BlackRock, and E*TRADE. Throughout her career, she has skillfully scaled consumer products that change the way Americans shop, save, and spend.
“Liza understands the vast population of American consumers and the tools they need to improve their lives,” says Brandon Krieg, Stash CEO and co-founder. “Her experience across tech, finance, and retail, and commitment to keeping customers’ needs front-and-center, will help guide us on our mission as we support Americans on their journeys to stronger financial futures.”
“Stash shifts the way millions of Americans think about and interact with money,” says Liza Landsman. “The company stands out for its alignment in serving their customers’ best interests —from its subscription model to its guidance and guardrails that make long-term investing and banking easy for everyone. The innovation and disruption Stash brings to financial services is unique and extremely exciting.”
Stash also welcomes two additional senior leaders to the company: Kate Ring, formerly of LPL Financial, joins as Chief Compliance Officer. In her role at LPL, Ring directed the regulated activity for more than 20,000 wealth managers and credit unions; her oversight included all advocacy and responses related to investment advisory services, leading the industry forward with strategic and thoughtful compliance guidance. Lauren McKenzie joins as VP Product Design following roles at Drift, Hubspot, and Fidelity; in previous roles, McKenzie redesigned user experiences into powerful streamlined platforms that provide intuitive support.
The trio join Stash on the heels of massive revenue growth and product launches. In the last quarter, Stash surpassed $125M in revenue as it continues to serve more than 2 million active subscribers who set aside $30 at a time on average1 despite market volatility. Last month, Stash introduced expanded crypto access with unique guardrails, as well as Stash Core, an entirely new back-end infrastructure built for expansion and product innovation in line with Stash’s long-term investing philosophy, The Stash Way.
Stash is an investing and banking app that simplifies personal finance for more than 6 million Americans. Stash’s plans—starting at just $3 a month—provide easy and affordable access to a suite of products including investing, banking, education, and advice. Despite market highs and lows and in line with Stash’s long-term approach to investing, Stash subscribers have increased their contributions 30% in the past two years and have earned more than 60M in Stock-Back rewards by using the Stash Stock-Back® Debit Mastercard®. Stash customers are 18% more financially literate than the average American and grow their financial literacy over time.
1 This calculation is the average transfer amount via Auto Stash as of November 2022.
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Stash Banking services provided by Stride Bank, N.A., Member FDIC.