“When it comes to investing, too many Americans are standing on the sidelines because they’re unsure where and how to begin,” said Stash CEO Brandon Krieg in a press release.<\/a> “Stash is the only investment platform focused on educating and empowering beginner investors.”<\/p>\n The app is appealing\u00a0to first-time investors; 86%\u00a0of its 850,000 users are new to the idea of growing wealth.\u00a0<\/strong>Stash\u00a0reports that 25,000 new customers are joining every week.<\/p>\n “Its rapid growth in a short period of time shows that Stash has found a way to transform how Americans manage their money and gain financial independence,”\u00a0\u00a0said Coatue Founder Philippe Laffont in a statement.<\/p>\n Similar to\u00a0Toronto-based digital investing service\u00a0Wealthsimple, which cracked into the US market earlier this year<\/a>, Stash\u00a0lets users set automatic investments. The app guides users in making investment selections,\u00a0curating a list of more than 35 investments\u00a0based on your\u00a0values, personal goals and risk level.<\/p>\n It only takes a few minutes and costs users as little as $5 to open an account. From there, the platform charges users $1 per month for accounts under $5,000.<\/p>\n “For too long, the financial services industry only made investing accessible to the rich, but at Stash, we believe anyone can become an effective investor with the right tools and education,” said Krieg.<\/p>\n![\"Investmentcards\"](\"https:\/\/d3ghupt9z9s6o0.cloudfront.net\/app\/uploads\/2017\/07\/13100336\/Investmentcards.jpg\")
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