Stash has secured $146 million in a Series H funding round to deepen its investment in artificial intelligence for the company’s financial guidance platform.
The firm’s co-founder and co-chief executive officer, Ed Robinson, said that for ten years, the brand has helped millions control their financial future. According to him, Stash is now redoubling its efforts. He clarified that the company is intensifying its activity in the context of the transformation of how people save, invest, and build long-term wealth with AI-powered intelligence at the core.
In a press release published by Stash, it was noted that the firm has 1.3 million paid subscribers and assets worth $4.3 billion under management.
The press release also contains information that the firm’s Money Coach AI platform has already recorded 2.2 million customer interactions. This platform helps consumers build savings and start investing.
Moreover, in a press release, noted that every fourth customer who had experience interacting with the platform continued to invest, deposit funds, diversify, or take other positive actions.
Stash demonstrates another example of the introduction of artificial intelligence into processes in various industries. Against the background of scaling up the relevant practice, the issue of cybersecurity is becoming more relevant. Scammers also use artificial intelligence tools. An Internet search query, such as how to know if my camera is hacked is one of the tools to counter the mentioned threat. In this case, users can receive information about signs of cybercriminal activity that often go unnoticed.
