Acorns Company Profile

Acorns is an American financial technology company based in Irvine, California, founded in 2012 by father-and-son duo Walter and Jeffrey Cruttenden to make investing accessible to first-time savers. Its micro-investing app, launched in 2014, rounds up everyday purchases into automated portfolios of passively managed ETFs, and has since grown to include Acorns Later retirement accounts, Acorns Checking, Acorns Early debit cards for kids, and Acorns Money Manager.

Acorns expanded through acquisitions of Vault, Harvest Platform, Pillar, and GoHenry with its European arm Pixpay, broadening into debt management and financial education for children. By 2020 the company had 8.2 million customers, and by 2022 assets under management on the platform exceeded $6.2 billion.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Acorns.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. Acorns availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — Acorns included.

The closest fintech / micro-investing peers are on the competitors page.

The routes section explains what is realistically available for a company at this stage.

Not yet. Acorns has filed for an IPO; until it prices, the shares do not trade publicly.

The last valuation is $1.9B.