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LendingTree leads $112M round in investment and banking app Stash

LendingTree Inc. is investing in Stash, leading a $112 million Series F investment in the popular banking and investment app. 

Also participating in the round are funds advised by T. Rowe Price Associates Inc., as well as investments from Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures and others, according to press release.

"LendingTree has become increasingly focused on the asset side of the consumer’s balance sheet, and Stash is a pioneer in that space," Doug Lebda, founder and CEO of LendingTree," said in the release. "Stash is fiercely pro consumer in both its product offering and mission and we see countless synergies between our organizations."

Stash will use the funding to fuel customer growth and brand awareness. Stash offers monthly subscriptions of $1, $3 and $9, that provide no-fee brokerage, banking, retirement and custodial accounts.