Full-Time
Micro-investing platform for everyday users
$200k - $215.5k/yr
Senior, Expert
No H1B Sponsorship
Irvine, CA, USA
Remote-first organization with optional access to office space in Irvine, CA.
Acorns simplifies investing for everyday people, particularly those new to investing or preferring a hands-off approach. Its main product 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 content to help users make informed financial decisions. The company operates on a subscription model, charging users a monthly fee between $1 and $5, and earns additional revenue through partnerships that provide cashback rewards, which are automatically invested into users' accounts. Acorns stands out by focusing on micro-investing and providing expert financial advice, making it easier for clients to grow their wealth and financial knowledge.
Company Size
501-1,000
Company Stage
IPO
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
Kasia Leyden has joined Acorns as Chief Marketing Officer, reporting to CEO Noah Kerner.
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