Fintech startup Stash has announced the completion of a new $3 million fundraising round involving a handful of new investors, as well as additional contributions from previous investors. The new round of seed funding was led by Goodwater Capital, which specializes in early-stage consumer technology companies. Other investors include Valar Ventures and Entrée Capital.

Benzinga had the chance to speak with Stash CEO and co-founder David Ronick about what the new round of funding means for the company and what big plans Stash has for the future.

According to Ronick, the $3 million will have a major impact on the investment app’s future, not only in terms of capital, but in terms of reputation.

“We’re doing whatever we can to build trust and credibility, so it’s important for us to have solid institutional investors behind us to show our customers and potential employees and business partners. It’s also important to have expertise around the table in consumer mobile and in FinTech and also, of course, to have the capital to help us accelerate growth,” Ronick told Benzinga.

As far as immediate goals, he explained that Stash is anticipating a major market expansion in 2016.

“One of the things that’s held us back is that we were only on the iTunes platform, but next month we will roll-out on Android, so that could open up Stash to a whole new group of people,” Ronick explained.

He added that the new funding will also help Stash continue to invest in improving the user experience and expanding the app’s investment advice and support content.

Stash has shown…

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