Thursday, May 28, 2020

Stackin' Picks Up $12.6M

Los Angeles-based Stackin', which operates a text-based, financial messaging platform which provides information to subscribers on how to save money, reduce debt, and start investing, has raised $12.6M in a funding round, the company said this morning. The funding was led by Octopus Ventures, and also included Experian Ventures, Cherry Tree Investments, Dig Ventures, Mucker Capital, Unlock Venture Partners, TechStars and Wavemaker Partners. As part of the funding, Stackin said that Marieke Christmann, Principal at Octopus Ventures, has joined the company's board of directors. Stackin' said it will use the new funding to enhance personalization, simplify financial product on-boarding, and broaden its marketplace of financial products and services, as well as expand to the UK later this year. The company mixes in access to financial products and services in between its educational and tips. The startup is led by co-founder and CEO Scott Grimes.