An anonymous data analysis of US social finance app Frich’s community of 700k+ Gen Z’ers reveals that the second week of December sees the highest use of buy now, pay later services such as Klarna. BNPL spending next week is expected to rise beyond last year’s mid-December spike, as Gen Z heads into Christmas with higher debt levels compared to 2023. The analysis also reveals that Gen Z are feeling more stressed about holiday shopping, with a significant increase in their usage of BNPL services and credit cards compared to last year. ‘Klarna Week’Frich’s modelling predicts that based on last year’s patterns and a significant uplift in BNPL spending in 2024, Gen Z is expected to hit record-high BNPL usage during ‘Klarna Week,’ starting December 9th

Acorns operates as a digital financial service provider. The network combines various features to enable anyone to save and invest funds using a smartphone app. The app's simplistic and easy-to-use design, coupled with its automated saving and investment features, has made Acorns a leading provider of automated financial services. As such, there is a strong demand for pre-IPO Acorns shares.In May 2021, Acorns announced plans to take the company public after merging with Pioneer Merger Corp. The merger boosted Acorns' valuation to $2.2B and increased interest in the firm's offerings. An Acorns IPO would see massive participation from investors eager to get in on the company's success

Parents can now provide their 7- to 12-year-old kids with a wearable payment device powered by Google Wallet and GoHenry by Acorns. The two organizations have partnered to provide this tool to help parents teach their kids how to manage money and spend it safely and responsibly, according to a Wednesday (Aug. 7) press release. In this collaboration, GoHenry by Acorns, a debit card and financial education app designed kids between the ages of 6 and 18, will be integrated by Google Wallet into the Fitbit Ace LTE, a smartwatch designed for kids between the ages of 7 and 12, according to the release. GoHenry will be featured as a card issuer within the device wallet