• Stash

  Participated · Series H · May 2025

  Stash is a financial platform dedicated to empowering people to invest and build better lives through simple, automated solutions. Its product suite includes subscription plans starting at $3/month, StashWorks employer financial-wellness benefits, the Stock-Back® Debit Card, and Auto-Stash automated saving. In 2025 Stash launched Money Coach AI to deliver personalized, real-time financial guidance and has recorded 2.2 million user interactions to date. One in four customers who interact with Money Coach AI take a positive action within ten minutes, and customers who Auto-Stash have nine times more in their accounts after one year compared to those who do not. The company reports 1.3 million paying subscribers, $4.3 billion in assets under management, and says it has reached profitability under returning co-CEOs Brandon Krieg and Ed Robinson. Stash intends to use new capital to accelerate product innovation, grow subscribers, and deepen its AI capabilities. Stash provides a mobile investing app that allows people to invest in fractional shares of companies and ETFs with any dollar amount. Led by CEO Liza Landsman, the company targets everyday investors by enabling small-dollar participation in markets. In the past year Stash surpassed $100M in annual revenue and counts 2M active subscribers. The company has recently strengthened its leadership team, adding Amy Butte, former CFO of the NYSE, as an independent audit chair and announcing Chien-Liang Chou as CTO in August. Stash says it will use new funding to accelerate growth and expand its business reach. These developments position the company to scale operations and broaden its user base. Stash offers a personal finance app and subscription plans that provide access to investment accounts, no-hidden-fee banking with the Stock-Back® Card (a debit card that rewards customers with pieces of stock), budgeting and saving tools, and personalized guidance. The company emphasizes easy, affordable investing and is continuously adding new products and features to the platform. In the coming weeks Stash planned to launch Smart Portfolios, a fully managed long-term diversified portfolio option to reduce day-trading risk. Stash reported having upwards of five million customers and $2.5 billion in assets under management in 2020. The company intends to use the new funding to grow the team, expand its product offering, and broaden its business reach. Stash provides a mobile-first route for consumers to manage investing, retirement, custodial accounts and routine banking via smartphone. It offers low-barrier investing with deposits as small as $1 (average investment $28), and flat monthly subscription tiers of $1, $3 and $9, along with a Stock-Back loyalty rewards program. As of this month the company reported 4.5 million users and $1 billion in assets under management; the average user is 29 years old with income under $50,000 per year. In its most recent quarter Stash reported an over 100% increase in weekly customer deposits across banking and investing. The company plans to use new funding to expand its customer base, increase marketing and add more services. Stash positions itself as a fintech challenger to traditional banks and brokerages by simplifying investing with smartphone-first, automated services and financial education. Stash is a fintech startup and mobile app focused on introducing new people to investing through guided investing and automated savings. The company is launching Green Dot Bank-powered mobile banking accounts that include a debit card, no overdraft or monthly maintenance fees, free ATM access, direct deposit and personal financial guidance. Alongside banking, Stash launched “Stock-Back,” a rewards program that gives users points redeemable as shares in the companies where they spend or in Stash-approved ETFs; Stock-Back was tested with partners including Netflix, T-Mobile and Chipotle. The Stock-Back rewards can vary by brand and go as high as 5% at launch for select merchants such as Spotify and Netflix. Stash reports an average user age of 29 and average user income under $50,000 per year. The company said it raised a $65 million Series E to grow the business around these launches, and a source indicated the current valuation is materially higher than the $350 million post-money valuation reported for its Series D by PitchBook.

• Bilt Rewards

  Participated · Equity · Aug 2024

  Bilt operates a payments and neighborhood commerce platform that lets members earn rewards on rent, HOA fees, mortgage payments, and everyday neighborhood spending. The company has grown from a card business into a full loyalty ecosystem partnered with property managers and more than 40,000 merchants. Its Bilt Alliance covers more than 4.5 million homes, has signed roughly 1-in-4 apartment buildings nationwide, and works with 70% of the nation’s top 100 property managers. More than 85% of members use Bilt’s platform without the Bilt card, and the company processes payments across ACH, debit and credit rails. Bilt expects to cross $1 billion in revenue by Q1 2026, to process over $100 billion in housing spend by year-end, and to drive over $10 billion annually to neighborhood merchants. The platform includes an AI-powered neighborhood concierge, a marketplace to drive local commerce, and value-added services for property managers. Bilt Rewards operates a resident loyalty program and a neighborhood loyalty program that let renters earn points on rent and local spending and allow merchants to run targeted campaigns. The platform partners with large multifamily owners and operators and covers renters in more than four million units, with members in all 50 states. Bilt offers one-to-one point transfers to 18 loyalty programs, a travel portal, fitness bookings, an online collection of goods, and redemptions that include rent credits and down-payment assistance. The company is expanding beyond apartments into condominiums, single-family homes and plans to include mortgage payments later this year, while growing into categories like healthcare, gas, and groceries. Operational metrics cited in the articles include platform spend of over $30 billion annually (a 50% increase since January), more than 21,000 restaurant partners and 3,500 fitness studios, and partnerships with seven of the 10 largest multifamily managers. Bilt says it will use new capital to further scale its neighborhood loyalty program and merchant relationships across the country. Bilt Rewards operates a loyalty and payments platform that enables members to earn points and build credit when they pay rent and spend at local merchants. Points can be redeemed across airlines, hotels, travel, fitness classes, Amazon purchases, rent credit or toward a future down payment. The company also issues a co-branded Mastercard through Wells Fargo with no transaction fees for rent payments. Bilt reports annualized member spend nearing $20 billion and says it achieved EBITDA profitability in 2023. Its loyalty program has expanded from more than 2.5 million apartment units at the time of its last raise to nearly 4 million units today. Bilt plans to use new capital to grow its Rewards Alliance with multifamily, single-family, and student housing operators, bolster its Neighborhood Rewards program for local merchants, and expand into mortgage payment rewards. Bilt Rewards works with large multifamily owners and operators to offer a loyalty program and co-branded credit card that allow renters to earn points and improve credit via monthly rent payments. The platform has been rolled out to more than 2.5 million apartment units and has over half a million customers across its loyalty program and credit card. Bilt reports processing over $3.5 billion in annualized rent payments and over $1.6 billion in annualized card spend, with both figures rising significantly in the last 90 days. Launched in June 2021 out of the Kairos startup studio by founder and CEO Ankur Jain, the company has raised about $213 million in total funding to date. Bilt recently launched Bilt Homes, a tool that shows members homes they could buy for the same monthly payment as rent using real-time rates and personal data, and continues to offer free rent reporting to help boost credit. The company said it reached profitability earlier this year and plans to keep much of the new capital in reserves while focusing on core commercial partnerships and longer-term opportunities including a possible IPO or acquisitions. Bilt Rewards operates a loyalty program that lets renters earn points on rent payments with no fees and via a co-branded Bilt Mastercard. The company launched in June out of the Kairos startup studio and has rolled out across over 2 million rental units, addressing roughly 109 million U.S. renters. Members can earn up to 50,000 points on rent per year, accrue unlimited points on the card, and benefit from a 0-1-2-3 points structure (1x rent, 2x travel, 3x dining, 1x other purchases) with no annual fee. Bilt worked with regulators, Fannie Mae and HUD to allow points to be applied toward a mortgage and offers rent-reporting to credit bureaus and a concierge for members redeeming points toward home down payments. The company reports about 20% enrollment among residents in participating properties and has added new member benefits including interest paid as points and bonus points for new leases and renewals. Bilt says it will use the new funding to expand its real estate and loyalty partner network, grow distribution channels and make its credit-card product more widely available while positioning to eventually become a mortgage provider.

• Paywatch

  Participated · Series A · Jun 2024

  Founded in 2020, Paywatch provides an earned wage access (EWA) service that lets employees withdraw a portion of their accrued salary instantly, reducing dependence on short-term credit between paydays. The company has processed more than US$200 million in EWA transactions and supports large enterprise clients such as Genting Group, DFI Retail (Guardian), Shangri-La Hotels, CP Group (Lotus’s), Lotte Group, Wilmar and Hyundai. Operating across six markets—Malaysia, the Philippines, Indonesia, Singapore, Hong Kong and South Korea—Paywatch embeds its solution directly into employer payroll and HR systems. Management plans to transform the business into a “NeoFi” platform by adding micro-insurance, cross-border payments and employee rewards, all delivered through AI-driven tooling. Partnerships with the UNCDF and the ILO are cited to underscore responsible product design. The firm argues that its offering lowers employee churn and boosts productivity for employers while improving workers’ financial outcomes. Credit lines from global banks complement venture funding, enabling a capital-light growth model that supports rapid regional expansion.

No current team members are available.