Robo-advisor StashAway gets $25M Series D led by Sequoia Capital India

by RJ Shara | Apr 25, 2021 | Fundings and Exit, Startups

Investment app StashAway has raised a $25 million Series D led by Sequoia Capital India, with involvement from returning financiers Eight Roads Ventures and Square Peg. After regulative approvals for the financing are finished, Sequoia Capital India handling director Abheek Anand will sign up with StashAway’s board of directors as part of the round. StashAway does not […] Its Series D brings StashAway’s overall paid-up capital to about $61.4 million. StashAway’s products include services for retail investors that focus on wealth-building or specific objectives like retirement or purchasing a home and StashAway Simple, a money account that can earn a projected rate of 1.2% per year and permits funds be withdrawn within one to 3 organization days. One of the primary ways StashAway distinguishes is its exclusive property allotment framework, which looks at how each possession class performs under specific financial conditions, measures unpredictability with leading signs and patterns in economic information, and modifications to expected returns based on a property’s assessment relative to its financial fair worth. …