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 .
US-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. Stash has attracted almost two million customers to its low-cost investment app, where portfolios can be built from just $5. The firm recently raised $37.5m in a series D funding round, led by Union Square Ventures, money that Stash said will help develop new products and the brand.