Acorns Stock
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About Acorns Stock
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
Bain Capital Ventures
Jet, BlockFi, AvidXchange, Acorns, DocuSign, Attentive, Sysdig, Rubrik, Roofstock, 6sense
BlackRock
Databricks, Rivian, Relativity Space, View, Carbon Health, Scopely, Snyk, Jawbone, MessageBird, DataRobot
Greycroft Partners
Scopely, Acorns, The RealReal, Boxed, Thrive Market, MNTN, Data.ai, Joyent, NewsCred, Azimo
e.ventures
Scopely, Acorns, The RealReal, Farfetch, Thrive Market, Sonos, Segment, Icertis, JW Player, Zumper
Great Oaks Venture Capital
Acorns, Bolt Financial, Workrise, Collective Health, Course Hero, SingleStore, Virta Health, Human Interest, Maven Clinic, Petal
Funding History
February 2012 | $2.3M |
---|---|
February 2014 | $2.8M |
April 2015 | $25.6M |
March 2016 | $44.4M |
May 2017 | $25.3M |
January 2019 | $121M |
January 2019 | $25.0M |
March 2022 | $197K |
March 2022 | $2.7M |
March 2022 | $629K |
March 2022 | $32K |
March 2022 | $20.2M |
March 2022 | $15.0M |
March 2022 | $55.0M |
March 2022 | $403M |
March 2023 | $111M |
March 2023 | $181M |
Management
Chief Executive Officer
Noah Kerner
Chief Financial Officer
Rich Sullivan
Press
patents - Apr, 14 2024
Systems and methods for creating excess funds from retail transactions and …patents - Apr, 14 2024
Point of sale computer-implemented investment management technologypatents - Apr, 14 2024
Systems and methods for creating excess funds from retail transactions and …seekingalpha - Apr, 12 2024
ACOR, HUBC and DATS among pre-market losersfool - Apr, 5 2024
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