Despite a fall in fintech deals Stash closed $112 million in funding - Business Insider

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Stash should fare well in the long term as its business model and large customer base are positioned to support sustainable growth

to help users calculate how much their stimulus payment will be, along with regular coronavirus updates — these efforts to help customers in their time of need likely also created goodwill toward the fintech.

. The fintech is in an enviable position with its 4.5 million users and $1 billion in assets under management, as customer acquisition costs are often a hurdle to the growth of fintechs. What's more, Stash does not offer any free services — monthly subscription fees range from $1 to $9 — so it already monetizes users and is likely on a path to sustainable growth, which is all the more important during the economic uncertainty caused by the coronavirus pandemic as investors are seemingly Want to read more stories like this one? Here's how to get access:

Business Insider Intelligence analyzes the fintech industry and provides in-depth analyst reports, proprietary forecasts, customizable charts, and more. >>

 

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