“Our partnership with Stash showcases the range of innovative banking and money movement solutions made possible by Marqeta’s APIs, and we look forward to supporting them as they grow and scale Stash Core and the Stock-Back® Debit Mastercard® across the globe.” “We’re proud to enable Stash’s new banking platform as they deliver seamless new financial services experiences for their customers,” said Simon Khalaf, Chief Product Officer at Marqeta. “Mastercard shares in Stash’s vision of delivering an innovative and trusted experience, and we’re excited to work closely as the exclusive network to bring Stash’s Stock-Back® Debit Mastercard® to more people and support this next stage of growth.” “Today’s digital world requires payment solutions that give people choice, control and empowerment in their financial lives,” said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard. Stash’s goal of empowering Americans to build better financial futures makes them an ideal partner for Stride Bank, as we are a leading fintech bank focused on driving financial innovation with integrity.”
Together with Stash’s financial education, customers grow their knowledge and diverse investments. “The consumer-friendly features of Stash’s Stock-Back® Debit Mastercard®, which allow people to earn stock as they spend, is an extremely unique offering. “Stride Bank is proud to partner with Stash on the development and ongoing support of Stash Core and in issuing Stash’s Stock-Back® Debit Mastercard®,” said Jimmy Stallings, President Payments, Stride Bank. Stash Core is powered in part by integrations with industry-leading financial and technology partners Mastercard, Stride Bank, Marqeta, Mambu, Alloy, and nearly a dozen others that are top in their fields. Over the past two years, weekly contributions are up by 30%, as everyday Americans rely on Stash to invest and save in today’s rapidly changing world. Stash Core is the latest launch from the fintech leader, which in the past year surpassed $125M in annualized revenue and continues to grow its customer base. With Stash Core and the Stock-Back® Debit Mastercard®, we are able to deliver the very best in financial tooling, customer service, and AI-powered, personalized wealth-building for those who want to earn stock and invest as they spend.” “The entire Stash platform is for everyday Americans who want to build long-term wealth with a trusted partner.
It’s the future of inclusive finance and transformative to our business,” says Stash co-founder and CEO, Brandon Krieg. “Stash Core gives us flexibility and ownership of every customer touchpoint. To date, Stash has given away more than 59M stock rewards1 going forward, Stashers will be able to earn up to 4x more with the relaunched card. The Stock-Back® Debit Mastercard®is the first and only of its kind, allowing customers to earn stock and invest when they shop (our patent was just approved).
Stash’s new banking account experience, built on Stash Core, includes access to an upgraded Stock-Back® Debit Mastercard®, enhanced customer support, and refreshed benefits including increased rewards. It will also allow the company to more easily welcome new subscribers and meet demand. Stash Core is a world-class system that unlocks new innovations in banking, and, in the future, new capabilities in credit, savings, lending, and more. Stash, the investing and banking app with more than 2M customers and nearly $3B in assets under management, announced today that it successfully built and launched Stash Core, its new, proprietary infrastructure platform that underpins the service for Americans who bank like investors.
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