The e-commerce innovator, powerhouse operator and elite venture capitalist were hand-picked for the top spot by the co-founders Brandon Krieg and Ed Robinson
NEW YORK, February 2, 2023 /PRNewswire/ — Stashthe pioneering fintech that empowers millions of Americans to invest and save, today announces Liza Landmanone of the country’s leading leaders and investors in e-commerce and consumer finance, as the new effective CEO February 6, 2023.
Hiding direction. Left to right: Brandon Krieg, Stash co-founder and head of business development; Liza Landsman, CEO; Ed Robinson, co-founder and president.
Landsman, a independent board member of Stash Since mid-2022, she has held key operations and leadership roles at Jet.com, Citigroup, BlackRock and E*TRADE, where she has guided companies through seismic change and record engagement growth. consumers and profitability. Until last week, she was a general partner at NEA, a global venture capital firm with over $25 billion in assets under management1at a time of unprecedented impact across all industries, including fintech and consumer products.
“Stash empowers millions of Americans to manage and grow their wealth. Its simple yet disruptive subscription platform, rooted in a deep commitment to the financial well-being of our customers, is exactly what millions of Americans ordinary people need today,” Landsman said. . “I am so grateful to Brandon and Ed and thrilled to work with the amazing team at Stash. Together they have built a rock solid foundation.”
Landsman, whose storied career includes leading Jet.com from launch to $3.3 billion acquisition by Wal-Mart, joins Stash at a transformative time for the company and its more than 2 million subscribers. Despite fears of inflation and a looming recession, revenues exceeded $100 million and grew nearly 30% last year, with customers setting aside nearly $3 billion on the platform thanks to regular and automatic deposits of $30 on average2.
“Liza is the right person to lead Stash as we continue to achieve major revenue and customer milestones and scale the business. Her experience and knowledge of consumer products, e-commerce and technology finance are perfectly suited to the opportunities ahead,” said Brandon Krieg. “Liza brings the scale and expertise to help Stash continue on its trajectory, and I’m excited to support her as she takes the reins as CEO of Stash and delivers even more value to our subscribers. She has been so insightful in a few months that she is working with us.”
Effective immediately, Krieg will assume the role of Co-Founder and Head of Business Development and focus on new areas of business; Ed Robinsonco-founder and chairman of Stash, will retain his title and lead the execution.
About Stash:
Stash is an investing and banking app that simplifies personal finance for over 2 million active subscribers. Stash plans – starting at only $3 per month—providing easy and affordable access to a range of products, including investing, banking, education and advice. In 2022, the company launched its new banking infrastructure, StashHeartas well as major updates to its managed portfolio product, Smart Wallet, and its investment tools. Stash’s unique patented Stock-Back® technology connects banking to investing; customers have earned more than 66M in Stock-Back® rewards using the Stash Stock-Back® Debit Mastercard®.
1 From December 31, 2022.
2 This calculation is the average transfer amount via Auto Stash at December 31, 2022. This calculation includes transfers made through Auto Stash for taxable brokerage accounts, custodial accounts, and IRAs. This calculation does not take withdrawals into account.
This content is for educational and informational purposes only. Nothing in this content should be construed as investment, tax or legal advice.
Stash banking services provided by Stride Bank, NA, Member FDIC.
Media Contact:
Sarah Spagnolo
VP Communications, Cache
[email protected]
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