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Acorns simplifies investing for everyday people, particularly those new to investing or preferring a hands-off approach. Its main service is a micro-investing platform that allows users to invest spare change from everyday purchases. For instance, if a user buys a coffee for $2.50, Acorns rounds up the purchase to $3.00 and invests the $0.50 difference. This makes investing accessible to individuals who may not have large amounts of money to invest initially. In addition to micro-investing, Acorns offers retirement accounts, checking accounts, and educational resources to help users make informed financial decisions. The company operates on a subscription model, charging users a monthly fee based on the level of service, and also earns revenue through partnerships that provide cashback rewards to users, which are automatically invested. Acorns aims to make investing easy and accessible, helping clients grow their financial knowledge and wealth.
Company Stage
Series F
Employees
201-500
Industries
Fintech, Financial Services
Total Funding
$505M
Headquarters
N/A
Founded
2012
Healthcare
401(k)
Equity
Competitive Compensation
Flexible Paid Time Off
Learning & Development
Wellness
Flexible Work Hours
Quarterly Team Outings
Personal Development Plans
Annual Compensation Reviews
Recognition
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