Full-Time
Confirmed live in the last 24 hours
Micro-investing platform for everyday users
$150k - $175kAnnually
Mid
No H1B Sponsorship
Remote in USA
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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 for those without large sums to invest upfront. Acorns also 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 earns additional revenue through partnerships that provide cashback rewards, which are automatically invested. Acorns stands out by combining technology with expert financial advice, making it easier for users to grow their wealth and financial knowledge.
Company Size
501-1,000
Company Stage
IPO
Total Funding
$491.2M
Headquarters
Irvine, California
Founded
2012
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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
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
OneStream is attempting to raise $465.5 million in an initial public offering (IPO).The cloud-based enterprise finance platform revealed its plans in a filing with the Securities and Exchange Commission Monday (July 15). OneStream and its shareholders — including investment group KKR — are offering 24.5 million shares for $17 to $19 each.Based in Michigan, OneStream provides solutions for finance chiefs in a variety of industries, including financial services, healthcare and higher education, offering services in the financial planning and accounting arenas.The listing is happening amid a period of recovery for the IPO market in the United States after a long fallow stretch, Bloomberg reported Monday. IPOs on the U.S. markets raised more than $21 billion during the first six months of the year, close to 70% above the same period last year.Companies exploring IPOs include the investing and checking accounts app Acorns which expects to go public, possibly in the next couple of years.“That is likely something we will do in the future,” Acorns CEO Noah Kerner said last month.The company’s app — which offers checking accounts, retirement savings and debit cards and allows users to invest in exchange-traded funds (ETFs) and custom portfolios — has nearly 6 million subscribers.Other companies have shown reluctance to go public. For example, StubHub delayed its IPO until at least September.Goldman Sachs said earlier this year that 2024 could mark a recovery for the IPO market, with its IPO Issuance Barometer reaching its highest level in two years at that time.“We expect the U.S. economy will continue to grow, the nominal two-year UST yield will decline modestly, and valuations will remain elevated relative to history,” Goldman Sachs strategists wrote in February
StubHub has reportedly delayed its initial public offering (IPO) until at least September, joining several other companies that have done so because of an unpredictable market. Before adjusting its timing, the company had filed confidentially with the Securities and Exchange Commission (SEC) and planned to make the paperwork public this week, the Wall Street Journal (WSJ) reported Friday (July 12). The situation is fluid and StubHub could push the IPO date further into the future, the report said
Acorns CEO Noah Kerner announced that the company is likely to go public within the next couple of years, having previously canceled a SPAC deal in January 2022 due to market conditions. Acorns, with nearly 6 million subscribers, has sufficient cash reserves and expects profitability by 2025. The company launched a $9/month premium tier in October 2023, including features like Acorns Early and GoHenry, which it acquired in April 2023.
The traditional model of the 9-to-5 job with a steady paycheck and employer-sponsored benefits is fading fast. Last year,up to 30% of the global workforce participated in some form of freelance or independent work. Fueled by digital platforms and on-demand services, this new landscape, known as the gig economy, offers flexibility and independence, but it also creates a complex. financial tightrope for its participants. This is where neobanks and alternative financial apps step in. These digital-first resources, designed for the mobile age, could be the game-changer for gig workers' financial stability
A staggering $84 trillion is the amount of cash and assets that Generation X, millennials and Gen Z consumers are set to inherit from older generations over the next two decades. This “great wealth transfer,” as it’s been dubbed, not only signifies a significant economic shift but also presents a unique opportunity for FinTech companies to expand their services, catering specifically to the preferences and needs of younger investors. Leveraging innovative technologies like artificial intelligence, blockchain and mobile applications, these WealthTech solutions are streamlining processes, providing personalized financial services and democratizing investing, making it accessible to younger generations by reducing entry barriers
Acorns and Dwayne The Rock Johnson have teamed up to create the Mighty Oak debit card.
Dwayne Johnson and Acorns, a saving and investing app, have announced the launch of the Mighty Oak Debit Card.
Source: AcornsDwayne Johnson and Acorns, a saving and investing app, have announced the launch of the Mighty Oak Debit Card. The heavy metal Tungsten debit card, exclusive to Acorns, was constructed to address a fundamental American problem: overspending and under-saving.The Mighty Oak Card offers an entirely new way of banking, helping people grow their financial knowledge and invest towards their future – simply by using it.The Mighty Oak Card gives money a chance to grow by turning saving and investing into an everyday habit. With Real-Time Round-Ups®, customers invest their spare change from each purchase up to the nearest dollar. Using paycheck split, Acorns automatically saves and invests a piece of every paycheck on payday. The Mighty Oak Card also provides two of the mightiest annual percentage yields (APYs) available today* with 3.00% checking APY, 5.00% APY on the card’s Emergency Fund savings for ‘rainy days’ and no minimum deposit or balance requirements. The card also offers access to Acorns’ robust financial wellness system including Acorns Later, to plan ahead for retirement, investment rewards to earn bonus investments from 15,000 brands for everyday purchases and access to 55,000 fee-free ATMs within the AllPoint Network.Johnson knows firsthand the impact of saving over time