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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.

Investment App Stash Raises $52.6 Million In A Debt Round 3

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.

Investment App Stash Raises $52.6 Million In A Debt Round 4

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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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.