New York, August 18, 2023 – Today Stash announced the addition of Chien-Liang Chou as the company’s Chief Technology Officer. Chien is the second C-level executive hired by CEO Liza Landsman, who joined the fintech in February. Also in the past year, Stash launched its groundbreaking back-end infrastructure, Stash Core, allowing the company to exceed 70% in gross margin as it marches towards profitability.
“The moment we met Chien, we knew he was the right fit to lead Stash engineering as we scale,” says CEO Liza Landsman. “He has transformed technical teams and delivered global expansion, all rooted in delivering world-class customer experiences across consumer finance, B2B software, and logistics. Even better, his dynamic personality and commitment to our mission is absolutely infectious.”
CTO Chien-Liang Chou, a proven public- and private-company engineering leader with deep experience in both hypergrowth and consumer finance, joins from mobile banking platform Dave, where he served as CTO for the past two-plus years. Over the course of his career he’s also held leadership roles at Salesforce, Lending Club, Flexport, and Stockpile, scaling engineering organizations 10x and driving step-function improvements in efficiency, speed, and quality of both front and back-end experiences.
“There are twin passions in my life,” says new Stash CTO Chien-Liang Chou. “Leading companies through rapid growth and adoption, and making a positive impact on the world through personal commitments of time and energy. Joining Stash in this moment bridges those two passions, and I’m thrilled to join a team where doing good is a priority, alongside building and integrating best-of-breed engineering capabilities to simplify investing for our subscribers.”
Chien will sit on the Stash executive committee and oversee the entire technology group. In addition to launching Stash Core, the company recently launched Elevate, its industry-leading Internal Developer Portal (IDP) based on the open-source Backstage framework. Both advancements drive massive efficiency gains while streamlining processes, which allow Stash to implement and integrate the most innovative standards and technologies as it looks to the future.
Stash is an investing app 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 investing. In the past year, the pioneering fintech company surpassed $100M in annual revenue, and counts 2M active subscribers who have set aside nearly $3B thanks to regular, automatic deposits of $33 on average1. Stashers are 18% more financially literate than the average American2, and rely on Stash for timely education, expert advice, and clear next steps to help them grow their money and achieve lifelong goals.
This content is for educational and informational purposes only. Nothing in this content should be construed as Investment, Tax, or Legal advice.
Stash Banking services provided by Stride Bank, N.A., Member FDIC.
1This calculation is the average transfer amount via Auto Stash as of August 2022. This calculation includes transfers completed through Auto Stash for taxable brokerage accounts, custodial accounts, and IRAs. This calculation does not take withdrawals into consideration.
2Based on surveys conducted online within the United States by Stash using SurveyMonkey technology in April 2021 and May 2022. The 2022 surveys were completed by 1,256 non-Stashers and 1,006 Stash customers. “Financial literacy” is determined and defined by the percent of correct answers to a series of financial questions by respondents, on average. Users were grouped into buckets by the number of months using Stash, then the average scores were calculated for each group, and the 12-month moving average was plotted to show the clear trend between tenure and score.