- The convertible debt offering was revealed in a regulatory filing
- Customers will able to buy eight of the largest and most established cryptocurrencies
- Stash previously raised $125 million in a Series G round
Stash announced in early October that it would support subscriber purchases for eight digital assets, including BTC and ETH, and the $52.6 million convertible debt round followed.
In February 2021, Stash successfully concluded a Series G fundraise with a capital infusion of $125 million.
Offering consists of convertible debt
Stash, a new investment app, expanded its services to include support for eight cryptocurrencies, including Bitcoin and Ethereum and raised $52.6 million through a debt offering.
According to a filing, Stash received funding from a dozen investors when the offering for convertible debt, which can be exchanged for shares or another form of the issuing entity’s equity, opened on Sept. 6.
Stash announced early in October 2022 that the fully managed portfolio services it had launched in January of that year would now include support for buying Ethereum, Chainlink, Avalanche, Ethereum Classic, Solana, and Uniswap tokens.
In February 2021, the company, which is estimated to be worth approximately $1.4 billion, held a $125 million Series G fundraise led by holding company Eldridge with additional capital from investment management company T. Rowe Price.
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Stash announces expanded crypto access
Stash’s expanded cryptocurrency access is now available to its more than 2 million active subscribers through a separate cryptocurrency account, according to a statement released today by the investing and banking app Stash.
Apex Crypto provides power for investments. Customers will only be able to purchase eight of the largest and most well-known cryptocurrencies on Stash, with safeguards in place so they can invest with confidence.
These services help customers make well-thought-out investment choices and make it simple for them to reach their long-term financial goals, all while introducing them to a new asset class.
Stash has partnered with Apex Crypto, a subsidiary of Apex Fintech Solutions, as its cryptocurrency investing infrastructure provider to enable its expanded crypto access.
According to Apex Crypto CEO Rachel Saunders, Stash is providing Americans from all walks of life access to diverse wealth-building tools, and we are thrilled to help them offer crypto investing opportunities for customers. With a personalized in-app experience, content, and education, they are making it simpler and less expensive for Americans to increase their wealth.