Acorns

Valuation $4B

About Acorns

Acorns is a financial technology and services company that specializes in automated investments and robo-advice.
Headquarters Acorns, Irvine
Founded 2012-02-29
Industry Finance, Financial Services, FinTech, Wealth Management
Last Funding Type Series F
Valuation 4
Total Funding $510.01 million dollars
IPO Status Private

Financial

Acorns may be growing as evidenced by the company's expansion into new product offerings, specifically the launch of the Mighty Oak Debit Card, which indicates diversification of their services. Additionally, the company has reported having 6 million subscribers across five countries, demonstrating a significant customer base and market reach. Acorns Grow Inc. has also expanded its financial advice programming to children, suggesting a strategic move to broaden its target audience and potentially increase its user base.
Acorns Grow Incorporated is focusing on innovative financial technologies that integrate with point of sale systems to facilitate micro-investments. Their research includes a computer-implemented device that works with a transaction gateway server to manage investments during sales transactions. Additionally, they are developing systems for generating excess funds from consumer purchases, which are then distributed into investment accounts. These systems are designed to process transaction data and values, enabling the creation of investment opportunities from routine financial activities. Acorns Grow Incorporated's R&D efforts are centered on enhancing micro-investing and robo-advisory services through seamless transaction-based savings.
Acorns, a micro-investing and robo-advice app, is planning an IPO within the next couple of years. The company has also released its 2024 Money Matters Report, highlighting growing financial concerns among Americans. Additionally, Acorns has introduced a product aimed at helping parents invest for their children from birth.
Funding Rounds 13
Number of Lead Investors 11
Total Funding Amount  $510.01 million dollars
Number of Investors 45

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