Stash has announced it is rolling out new features for its 3 million users; the app will now allow users to round-up daily purchases to the nearest dollar and automatically add the difference to their personal investment accounts; this is similar to the core offering of Acorns; the other feature they are adding is called “Smart-Stash”, this service uses algorithms to learn about users’ spending patterns and saves money where they can; customers can also earn bonus rewards on everyday purchases; Stash allows users to open an investment account with as little as $5. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.