Advance Awards Fintech Winner 2021
Ed Robinson is a fintech revolutionary and the Australian co-founder of Stash. The platform has changed the lives of millions Americans, allowing anyone with a mobile phone and $5 to start investing in low-cost baskets of stocks and bonds. The Stash app is one of the fastest growing consumer investing apps in the U.S. The platform currently serves over 5 million clients and 12 million content subscribers, with approximately 40,000 new clients joining weekly. Since its launch in 2015, Stash has raised around $300 million in Venture funding and has grown to +250 employees with offices in New York and the UK. Stash’s customer-centric platform, rooted in a personalised experience with advice and education, has helped customers save $3 billion on the platform to date—all via regular and automatic deposits of just $31 at a time on average. The company has also awarded more than 35 million fractional shares to customers who use the Stash Stock-Back® Card.
Mr Robinson leveraged his financial background on Wall Street and a Bachelor of Commerce, Finance, Accounting and Management from Sydney University to solve what he saw as a personal wealth creation deficit by making the stock market simple and accessible to everyone. For over two years Mr Robinson has effectively led the company as co-founder, President, COO, and product visionary, driving the Stash team forward and leading by example. Mr Robinson and his team actively encourage their growing database of users to understand that putting away a little bit of money each week can add up to a big win. Aiming to counteract average Americans with low financial literacy keeping them compounded in a debt cycle, they have built into the business a strong focus on financial education and tips to empower customers to build good money-making habits. Stash has been listed as part of Forbes’ “Fintech 50” the past three years, as well as one of Forbes’ “Best Startup Employers” for 2021. The company consistently ranks as one of Built in NYC’s “Best Places to Work,” and was highlighted by the Wall Street Journal as one of the “Top Tech Companies to Watch in 2018.”
“Roughly 80% of Americans live paycheck to paycheck, and about 60% would struggle to come up with $1,000 in an emergency. Our goal is to fix this by making personal finance a source of hope, not fear. Our customer-first approach drives me and the team every day, and guides every decision we make at Stash.”