What if StashAway closes? Will I get my money back? - Seedly
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Anonymous

Asked on 04 Aug 2020

What if StashAway closes? Will I get my money back?

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Augustine
Augustine
Level 6. Master
Answered on 04 Aug 2020

Based on what happened to Smartly, I believe that Stashaway will first notify MAS then liquidate your holdings and you'll receive the proceeds in your bank account thereafter.

Stashaway recently completed their Series B fundraising round of US$12M in Jul 2019 for product development and expansion into the APAC region. Moreover, they've been through a few market corrections since then and have also outperformed respective indexes. I would say the probability of Stashaway closing down is fairly low.

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