About Acorns
Acorns is a Financial Services company based in New York (United States) founded in 2017 by Nami Baral, and was acquired by Acorns in March 2021. Overdraft and banking fees are negotiated and resolved for consumers. It operates on a Subscription Services, Freemium, and FinTech model. Its chief executive, as recorded, is Nami Baral. Acorns offers products and services including Acorns Invest, Acorns Later, Acorns Early, and Acorns Banking. Its focus areas include Financials, Investment Services and Robo-Advisors. Its legal entity is Acorns Grow Incorporated. Its competitors include Freedom Financial Network, EarnUp and Student Loan Hero; 3 of its 3 listed competitors have raised funding.
Company details
Acorns is engaged in providing automated investment and banking services. Solutions are offered for everyday investing through spare change with Round-Ups, retirement planning via IRAs, and early investment accounts for children. Banking services that save and invest automatically are also provided. The company operates in the financial technology sector, targeting everyday Americans with diversified portfolios built by experts. Additional features like bonus investments and financial education tools are included to support users in growing their wealth over time.
Products & Services of Acorns
Acorns offers a comprehensive portfolio of products and services, including Acorns Invest, Acorns Later, Acorns Early, and Acorns Banking.
Automated investing with spare change is offered daily.
Retirement accounts are managed for future financial security.
Investment accounts for kids are provided with ease.
Banking services with automated investing are made available.
Apps and channels of Acorns
its YouTube channel Acorns has 32.2K subscribers.
Investors in Acorns
Acorns has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Acorns.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
App-based platform for spare change investment | 2012 | acorns.com | Irvine, United States |
Investor details for Acorns
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People of Acorns
1 people are tracked at Acorns (1 in leadership).
| Name | Role | Group |
|---|---|---|
Nami Baral | Co-Founder & CEO | Leadership |
Complete people profiles for Acorns
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Timeline of Acorns
2 dated milestones of Acorns across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Acorns is founded.
- Exit Acquired by Acorns.
Competitors of Acorns
Acorns has 3 listed competitors in our database, 3 of them funded. They include Freedom Financial Network, EarnUp and Student Loan Hero.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freedomfinancialnetwork.com | 2002 | San Mateo, United States | $235M | 2,152 | Debt consolidation and relief solutions are provided to individuals. | |
| earnup.com | 2014 | San Francisco, United States | $59.25M | 36 | Consumer debt is repaid online via automated micropayments. | |
| studentloanhero.com | 2012 | New York, United States | $65,000 | 1,355 | Online platform for Student debt tools, calculators, and repayment plans |
Detailed competitors of Acorns
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Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Acorns (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Acorns
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Frequently Asked Questions about Acorns
Acorns was founded in 2017.
Acorns is headquartered in New York, United States. It is registered at New York, New York, United States.
Nami Baral is the CEO of Acorns, as recorded in our data. They have also founded this company.
Acorns is engaged in providing automated investment and banking services. Solutions are offered for everyday investing through spare change with Round-Ups, retirement planning via IRAs, and early investment accounts for children. Banking services that save and invest automatically are also provided. The company operates in the financial technology sector, targeting everyday Americans with diversified portfolios built by experts. Additional features like bonus investments and financial education tools are included to support users in growing their wealth over time.
Acorns's top competitors include Freedom Financial Network, EarnUp and Student Loan Hero.
Acorns offers Acorns Invest, Acorns Later, Acorns Early, and Acorns Banking.
Acorns has 1 investor. Key investors include Acorns.
Acorns operates through Acorns Grow Incorporated.
Yes. Acorns was acquired by Acorns in March 2021.