About Acorns
Acorns is a company based in New York (United States) founded in 2017 by Nami Baral was acquired by Acorns in March 2021. It operates as a Subscription Services, Freemium, and FinTech. Acorns offers products and services including Acorns Invest, Acorns Later, Acorns Early, and Acorns Banking. Acorns operates in a competitive market with competitors including Freedom Financial Network, EarnUp, Student Loan Hero, Charlie and Payitoff, among others.
- Headquarter New York, United States
- Founders Nami Baral
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Acorns Grow Incorporated
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Products & Services of Acorns
Acorns offers a comprehensive portfolio of products and services, including Acorns Invest, Acorns Later, Acorns Early, and Acorns Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
Funding Insights of Acorns
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Acorns
Acorns has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Acorns. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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App-based platform for spare change investment
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Acorns
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Acorns
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Acorns Comparisons
Competitors of Acorns
Acorns operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Freedom Financial Network, EarnUp, Student Loan Hero, Charlie and Payitoff, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Debt consolidation and relief solutions are provided to individuals.
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Consumer debt is repaid online via automated micropayments.
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Online platform for Student debt tools, calculators, and repayment plans
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| domain | founded_year | HQ Location |
Expenses and income are tracked via AI text-based tool.
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| domain | founded_year | HQ Location |
API-enabled solutions for student loan repayment are offered to lenders.
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| domain | founded_year | HQ Location |
Loan management app
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Acorns
Frequently Asked Questions about Acorns
When was Acorns founded?
Acorns was founded in 2017.
Where is Acorns located?
Acorns is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Acorns?
Nami Baral is the current CEO of Acorns. They have also founded this company.
What does Acorns do?
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.
Who are the top competitors of Acorns?
Acorns's top competitors include Freedom Financial Network, EarnUp and Payitoff.
What products or services does Acorns offer?
Acorns offers Acorns Invest, Acorns Later, Acorns Early, and Acorns Banking.
Who are Acorns's investors?
Acorns has 1 investor. Key investors include Acorns.
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