Stash goes live with self-built core banking system Stash Core
US-based investing and banking app Stash has built and launched its own core banking platform, Stash Core.
Stash’s new banking solution, built on Stash Core, includes access to an upgraded stock-back debit Mastercard which allows customers to earn stock and invest when they shop, which Stash has patented. It also includes customer support and benefits, including increased rewards.
The fintech says Stash Core will allow it to develop new capabilities in credit, savings and lending in the future, allow the company to onboard new subscribers and meet demand.
“The entire Stash platform is for everyday Americans who want to build long-term wealth with a trusted partner,” says Brandon Krieg, Stash co-founder and CEO.
“With Stash Core and the stock-back debit Mastercard, we are able to deliver the very best in financial tooling, customer service, and AI-powered, personalised wealth-building for those who want to earn stock and invest as they spend.”
Stash partnered with Stride Bank, Mastercard, Marqeta, Mambu and Alloy, among others, to develop Stash Core.
The New York-based investment app raised $125 million in a Series G round in February 2021. It claims more than two million customers and $3 billion in assets under management.