Stash named to CNBC World’s Top Fintech Companies 2024 

July 10, 2024, New York – Stash, the financial platform for lower- and middle-income Americans, has been named to CNBC’s list of World’s Top Fintech Companies 2024. This prestigious list is developed by CNBC and Statista Inc., the world-leading statistics portal and industry ranking provider.

“We’re thrilled to be listed as a CNBC World’s Top Fintech Company, highlighting our continued commitment to sustainable, profitable growth and our milestone achievements from the last 12 months. We’ve doubled down on the fundamentals and driven up critical metrics, all while delivering innovation at an accelerated pace,” says Stash CEO Liza Landsman. “The promise of wealth technology is that it opens up opportunities to reach new consumers. Stash provides access to tools long reserved for the wealthy, so that hardworking Americans can save and see their money grow.”

Stash surged onto the CNBC and Statista annual list after achieving industry-leading business milestones. In the first half of 2024, Stash announced EBITDA profitability and 80% gross margin. In the same timeframe, the company also launched StashWorks, its financial wellness benefit for salaried and hourly employees backed by SHRM. StashWorks is now among the leading available benefit options for public and private employers, providing workers with trustworthy financial guidance and easy liquidity. 

“Stash has incredible upward momentum and this recognition is a testament to that,” says Stash CFO Steven Hodgeman. “Our market is underserved and overlooked, and thanks to our rigor and recent successes, there is enormous opportunity to continue to scale. We are building a lasting, profitable business that helps Americans achieve their dreams. It’s a win-win.”

Today Stash counts more than 9M accounts and more than $3.5B in assets under management. 

About CNBC World’s Top Fintech Companies:

For the second time, CNBC and Statista are awarding the World’s Top Fintech Companies in eight different market segments. The list is based on the analysis and weighting of overarching and segment-specific KPIs from the collection of publicly available data points and an online application. The 2024 list can be found here; Stash is listed within the Wealth Technology category. 

About Stash: 

Stash is a financial platform dedicated to empowering people to invest and build better lives. Stash’s plans—starting at just $3 a month—unlock access to a suite of simple, automated solutions designed to help people find security and peace of mind through saving and investing. The company’s full suite of products and services include StashWorks, a financial wellness benefit for employers that provides guidance and easy access to short- and long-term saving; the Stock-Back Debit Card¹, delivering up to 3% Stock-Back on everyday purchases²; and its Managed Account, which was named as a top-performing robo-advisor by Condor Capital in 2023.³ Stashers are 15% more financially literate than the average American⁴, save more than $900 in the first year when they Auto-Stash⁵, and rely on Stash for timely education, expert advice, and clear next steps to help them grow their money and achieve lifelong goals. 

¹ Stash Banking services provided by Stride Bank, N.A., Member FDIC. The Stash Stock-Back® Debit Mastercard® is issued by Stride Bank pursuant to license from Mastercard International. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Any earned stock rewards will be held in your Stash Invest account. Investment products and services provided by Stash Investments LLC and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.

² All rewards earned through use of the Stash Stock-Back® Debit Mastercard® will be fulfilled by Stash Investments LLC and are subject to Terms and Conditions. You will bear the standard fees and expenses reflected in the pricing of the investments that you earn, plus fees for various ancillary services charged by Stash. In order to earn stock in the program, the Stash Stock-Back® Debit Mastercard must be used to make a qualifying purchase. Stock rewards that are paid to participating customers via the Stash Stock Back program, are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.

³ Condor Capital’s performance is sourced from a single Smart Portfolio account and reflects said account’s 1-year trailing returns, net of fees. Condor Capital’s experience is not representative of all clients. Past performance does not guarantee future results. Investing involves risk, including loss of principal. Data sourced from research produced by Condor Capital Wealth Management from 1/1/23-12/31/23. Visit https://www.condorcapital.com/the-robo-report/ for the full report. Stash has full authority to manage a “Smart Portfolio,” a discretionary managed account.

⁴ Stash FinLit Survey, August 2023  – Based on surveys conducted online within the United States by Stash in August 2023. The 2023 surveys were completed by 999 non-Stashers and 2,004 Stash customers. “Financial literacy” is determined and defined by the percent of correct answers to a series of financial questions by respondents, on average.

⁵ Based on Stash internal data as of February 29, 2024. “Set Aside” is defined as complete incoming transfers from external funding sources to Stash across all brokerage and banking accounts. This statistic does not take withdrawals into consideration.