Investment App Stash Raises $52.6 Million In A Debt Round

Stash, an investment app, earned $52.6 million through a debt offering after expanding its services to include support for eight cryptocurrencies, including ETH and BTC.

According to a filing, Stash received cash from a dozen investors. The offering for convertible debt, which is convertible into shares or another form of the issuing entity’s equity, began on September 6.

Stash announced an extension of its fully managed portfolio services, which were introduced in January of the same year, to include support for Bitcoin, Bitcoin Cash, Ethereum, Chainlink, Avalanche, Ethereum Classic, Solana, and Uniswap token purchases in early October 2022.

The company, valued at over $1.4 billion, held a $125 million Series G fundraising in February 2021, headed by holding company Eldridge, with additional money from investment management firm T. Rowe Price.

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