Stack Finance, a Bengaluru-based fintech startup, has raised an undisclosed amount from Hyderabad-headquartered SucSEED Indovation Fund and other marquee angel investors, including CRED’s CEO Kunal Shah, as part of top-up funding round.

In December 2021, Stack raised $4.5 million in investments from global VCs, including Uncommon Capital, Goodwater Capital, Harvard Management and Earlsfield Capital, along with many other known global angels, including Michael Katchen (WealthSimple) and Immad (Mercury Bank).

Stack | Automated Investing App

Founded by Tushar Vyas and Smriti Tomar in 2021, with founding team Vidit Varshney and Yashwardhan Puranik, Stack is an automated investing app powered by a Nobel-prize-winning algorithm. The fintech startup assesses its consumers’ unique financial behaviour to create personalised, high-performance yielding portfolios and helps them achieve their goals in a fun and effortless way.

Speaking on the development, Smriti Tomar, Co-founder and CEO of Stack, said,

“Thousands of people already use Stack to grow their money and build a better future. We are on a mission to help everyone achieve financial freedom, no matter who they are or how much they have. And we have just started this revolution, there are many more exciting offerings coming up on the app, which the entire team is excited about!”

The Bengaluru-based fintech startup aims to allow millennials and Gen-Z to invest in their life goals and help them achieve financial independence while educating them about smart investing. Stack has 100,000+ users on the platform, with 55 per cent of first-time investors coming from tier II-III cities under the age of 30.

As per the startup, users on Stack have created goals worth $100 million already, and the platform is witnessing 100 per cent MoM growth.

Targeting to bring financial independence to one million Indians by the end of 2021, the fintech startup has also launched India’s first stock and crypto-backed rewards program for its users every time they make good financial decisions.

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