The purpose of this tax- free investment account is to put your money into exchange-traded funds (ETFs), which you can select based on your risk tolerance and financial goals. This is a demand deposit checking account that is FDIC-insured and is available through Lincoln Savings Bank or nbKC Bank in collaboration withAcorns Pay. According to the terms of the deal, which is expected to close in the second half of this year, the company’s market capitalization will be around $1.1 billion, nearly double the value of its last private valuation. Pioneer Merger Corp., a publicly traded special purpose acquisition company, will acquire all of the outstanding shares of Acorns in exchange for a combination of cash and stock. The company is best known for its micro-investing platform, which allows users to set up automated investments into a portfolio by rounding up debit or credit card purchases and investing the change in a dollar value at the time. After you sign up for an Account with a Spend Account, you are automatically linked to two other accounts: a Invest Account and a Later Account. How does Acorns Spend work? The Acorns Spend account is a checking account created in collaboration with Lincoln Savings Bank by the investing company. In October 2020, a joint announcement was made betweenAcorns and ZipRecruiter. Investors included celebrities such as Jennifer Lopez and Alex Rodriguez, who backed Kerner. Noah Kerner is the new CEO of the company, having previously led Noise, a creative branding agency.

Between March 31, 2021, and March 31, 2021, more than 6.8 million users had accessed Acorns, with more than a million of them holding IRAs on the platform. With Round-Ups, a company can automate investment creation and place it into a portfolio. As of 2019, Acorns had more than 6 million users and had raised $157 million in venture capital funding.Ī fintech startup, in addition to being best known for its micro-investing platform, is called Acorns. The company is headquartered in Irvine, California. Acorns was founded in 2012 by Walter and Jeff Cruttenden. The app rounds up users’ everyday purchases to the nearest dollar and invests the difference into a portfolio of exchange-traded funds (ETFs). Copyright © 2016 Acorns and/or its affiliates.Acorns is a fintech company that offers a mobile app and investment platform that allows users to invest their spare change. “Acorns”, the Acorns logo and “Invest the Change” are registered trademarks of Acorns Grow, Inc. Past performance does not guarantee future results. Please consider your objectives and Acorns fees before investing. Investing involves risk and investments may lose value, including the loss of principal. Investments are not FDIC insured and may lose value. Brokerage services are provided to clients of Acorns by Acorns Securities, an SEC registered broker-dealer and member FINRA/SIPC. This app is operated by Acorns Advisers, LLC, an SEC Registered Investment Advisor. That's a nerdy way of saying we're as secure as the people you bank with. Worry not - we've got 256-bit encryption. In order for Acorns to invest your spare change from purchases, which is part of why we charge $1 per month, you will need to connect a bank account. That’s like 3 semi-fancy cups of coffee (you know you do it) a year, just to invest in your future. After your account grows past $5,000, the fee switches to 0.25% per year that’s about $1 a month). ○ Diversified Portfolio includes hundreds of international companies, corporate and government bonds, and real estate.Īcorns costs $1 per month for accounts investing less than $5,000. ○ Automatically re-invests your dividends for you ○ Automatically rebalances your portfolio ○ 256-bit encryption to keep your information safe and secure US NEWS: “Acorns offers a unique solution to overcoming the mental barrier: ‘I just don’t have enough money to be investing.’”

WIRED: “Acorns simplified the often tedious and complex process of investing.” ○ Stay educated – Gain access to our online personal finance publication, Grow MagazineįORBES: “The app makes investing effortless.”ĪBC NEWS: “If you set aside just $5 every couple of days you would have set aside $1,000 in a year.” ○ SIPC Protected – up to $500,000 is protected against fraud so your money is secure ○ Watch your progress – check in on your account from anywhere ○ Easily invest more - with Recurring Investments (daily/weekly/monthly), One-Time Investments, Referrals, and Found Money! ○ Painlessly invest your spare change into a diversified portfolio of ETFs of over 7,000 stocks and bonds automatically

Start with just your spare change and join over 1 million who have taken steps to improve their future. Now it's for everyone! Acorns helps you save and invest small amounts regularly into your own diversified portfolio.

Invest your spare change