Stash is making investing accessible to everyone. The platform and app was started in 2015 and since then has grown to more than 1.2 million accounts and over 2.5 million content subscribers.
Brandon Krieg is the CEO and co-founder of Stash. He explains that Stash is not only about investing, it is also a learning platform. Stash opens up conversations between friends and family about investing and what to be looking for. Krieg says he is really proud of his customers.
The minimum investment in Stash is only $5, opening the door for all types of investors. In fact, over 80% of Stash customers are first-time investors.
When it comes to crypto, Krieg says they are waiting and watching. Krieg wants to get a sense of what regulators do and say. That being said, Stash customers are asking to invest in crypto. Krieg reveals that Stash will likely roll out a product sometime later this year.
Vast Bank, a Tulsa-based financial institution that has been serving customers for nearly four decades, says it is the first to provide users ability to buy, sell, and manage cryptocurrencies directly with their bank accounts. Brad Scrivner, CEO of Vast Bank, explains how his bank's platform is making it easy for people to acquire crypto.
Trove, a resale platform and resource for fashion brands like Lululemon, Patagonia, and REI, recently completed a Series D round of fundraising for $75.5 million. CEO Andy Ruben joined Cheddar to discuss the fast growth of the apparel recommerce space (the selling of previously owned clothing) and how his company plans to expand its services. "Resale is the fastest growing sector in retail today," he said. "And this new funding allows us to meet the demand of the number of brands that want to own their secondary market platform."
First American Deputy Chief Economist Odeta Kushi joins Closing Bell to discuss the pros and cons of renting vs. owning your home in the current market. Owning can involve extra costs -- but compared to renting, it's better to own in order to build equity.
