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Acorns Stock

Personal Finance App

Acorns is primarily a mobile-first, micro- and robo-investing app. The company allows its users to invest the spare change from purchases in diversified portfolios. Users can choose between Acorns Core or Acorns Later, an investment and retirement account, respectively. Users define a portfolio by answering questions regarding their financial situation and goals, which Acorns uses to recommend a mix of ETFs. The company additionally provides a checking account, called Acorns Spend. Users link cards and bank accounts to Acorns, which tracks the purchases and deposits the spare change to Acorns. If a user uses Acorns Spend, the user receives an Acorns Debit Card, which replaces the linked cards and bank accounts. Finally, the company offers Acorns Early, an investment account for kids.

About Acorns Stock

Founded

2012

Notable Investor

Bain Capital Ventures

Total Funding

1.0B

Acorns offers personal financial services via their mobile app. Users can choose between Acorns Invest or Acorns Later, an investment and retirement account, respectively. The company also offers Acorns Early, an investment account for kids, and Acorns Earn, a bonus investment perk. Users define a portfolio by answering questions regarding their financial situation and goals, which Acorns uses to recommend a mix of ETFs. Users can also choose to invest in Acorns Sustainable Portfolios, which feature ESG-focused ETFs, or to invest in Bitcoin via Acorns. The company additionally offers a checking account, called Acorns Checking. Users can link cards and bank accounts to Acorns, which tracks the purchases and deposits the spare change to Acorns. If a user uses Acorns Checking, the user receives an Acorns Debit Card, which can be used instead of linked cards and bank accounts.

The company was founded in Newport Beach, CA in February 2012. Notable investors include PayPal, Rakuten, and GreyCroft Partners.

Source: Acorns

Investors in Acorns

Discover investors in Acorns stock and explore their portfolio companies

Acorns Management

Leadership team at Acorns

Chief Executive Officer

Noah Kerner

Chief Financial Officer

Rich Sullivan

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