StashWorks also welcomes the first cohort of customers totaling 20,000 employees from a mix of industries and trusted brands
Stash, the investing app that empowers Americans to achieve financial goals, announced the launch of StashWorks, a new employer benefit platform that empowers salaried and hourly workers to improve their financial wellbeing. StashWorks simplifies saving for millions of employees, eliminating stress and encouraging financial and professional success.
The first cohort of StashWorks partners include Wonder, a company founded by entrepreneur Marc Lore that is redefining at-home dining and food delivery; Aurify Brands, one of New York City’s largest independent restaurant operators; PEAK6 Investments; and other notable private and public brands in retail, customer service, and insurance. Backed by SHRM—the world’s largest HR association—StashWorks works directly with employers and can be accessed through best-in-class PEOs as well as top-tier benefit brokers.
“It’s standard practice for employers to offer either a 401(k) or a pension for retirement, but hardworking Americans need just as much help saving for now,” said Liza Landsman, Stash CEO. “StashWorks supports employees’ financial needs in both the short and long term, with the broader impact of helping companies elevate the employee experience—leading to happier, healthier, and more productive workplaces.”
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“Stash is an innovative leader in the personal finance and fintech space, and we’re thrilled to be both a strategic investor in Stash and a key launch partner of StashWorks, its new disruptive offering for companies and their employees,” said Johnny C. Taylor, Jr., SHRM-SCP and SHRM President and CEO. “SHRM is the trusted authority on all things work, and we know that employers want to give their workers the tools to be financially successful, but this can be a challenge to manage. StashWorks makes it easy for everyone.”
For millions of Americans today, saving money is hard and out of reach even with a regular source of income. Meanwhile, research also proves that inflation and the inability to grow wealth continue to take a toll on the workplace experience. StashWorks makes saving a habit that sticks: Employees can designate any dollar amount or paycheck percentage to save on pay day, quickly earning rewards for ‘Saving Streaks’ as they hit key milestones on their journey to financial wellbeing.
“Offering employees a financial tool for saving money not only promotes fairness within our organization but also contributes to a more inclusive and equitable workplace culture where everyone has the opportunity to thrive financially,” said Marc Lore, Chairman and CEO of Wonder. “StashWorks will be the first solution that gives our employees easy-to-use tools to save so they can easily achieve both short- and long-term goals in a cost-effective way, with educational and structural frameworks that provide a holistic approach to their personal finances.”
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