Spare Change Investing: Acorns automatically rounds up your purchases and invests the difference. Key features and benefits provided by Acorns include: The company has two Nobel Laureates on its advisory board, including Harry Markowitz and Richard Thaler. For example, users can also opt for a spending account with access to thousands of fee-free ATMs, and earn rewards at over 350 top brands.Īs of December 2019, Acorns has raised over $207 million from investors, including the likes of PayPal, BlackRock, Bain Capital, Rakuten, and several celebrities. In addition to investing, Acorns offers a variety of features depending on the plan you sign up for. The Acorns app allows its users to easily invest small amounts of money in a diversified portfolio made up of Exchange-Traded Funds. It is very popular in the United States and has more than 8 million users. What is Acorns?Īcorns is an automatic saving and investing app created by a father and son duo, Walter and Jeff Cruttenden, and launched in 2014. The company’s Australia operations was recently rebranded as Raiz Invest. address.Īcorns was previously launched in Australia in 2016 and operated as Acorns Grow Australia Limited. Unfortunately, Acorns is not available in Canada.Īcorns is available only to United States residents who are at least 18-years-old and have a valid social security number.Įxceptions are made for active armed services personnel who are deployed overseas on a temporary basis and maintain a U.S. Is my money safe with Wealthsimple, Moka, or Acorns?.In which countries is Wealthsimple available?.
Features and Benefits of the Acorns App.
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