WilmerHale Advises Stash in Acquisition of PayGrade
On June 23, 2021, Stash, the financial platform revolutionizing how millions of Americans invest and save, announced
the acquisition of PayGrade, a financial literacy platform helping students build healthy financial habits. The deal will deliver free financial education to millions of people and marks Stash’s first acquisition following record growth. PayGrade equips K-12 administrators and teachers with an immersive personal finance curriculum designed around simulated banking and investing. The platform experienced exceptional demand during remote learning. In its next phase of growth under Stash, the business will quickly expand to include digital tools for parents to teach and reinforce money skills at home. Stash, which raised $125 million in February 2021, has more than 6 million customers and $3 billion in AUM.
The WilmerHale team advising Stash included Stephanie Evans
, Adam Freiman
and Evan Kirsch