UK - based micro - investment app Stash has unveiled a product aimed at helping customers save money for their children 's futures . Custodial Accounts will allow users to save money and transfer it to their children when they reach 18 or 21 years old . Approximately 86 per cent of its clients continue to be first-time investors, with the average age of its users falling around 29. It has attracted almost two million customers to its low - cost investment platform , where portfolios can be built from just $ 5 . The firm recently raised $ 37.5 m in a series D funding round , led by Union Square Ventures , money that Stash said will help develop new products and the brand .
UK - based micro - investment app Stash has unveiled a product aimed at helping customers save money for their children 's futures . Custodial Accounts will allow users to save money and transfer it to their children when they reach 18 or 21 years old . It has attracted almost two million customers to its low - cost investment platform , where portfolios can be built from just $ 5 . The firm recently raised $ 37.5 m in a series D funding round , led by Union Square Ventures , money that Stash said will help develop new products and the brand .