PayPal Participates in $30m Round in Acorns micro-Investing App
Posted: Wed Apr 20, 2016 2:16 pm
The micro-investing app, Acorns, that allows users to invest their ‘spare change’ or ‘acorns’ in an automated manner, has today announced a $30 million round of financing, obtained from PayPal and with participation from the Rakuten Tech Fund and existing investors e.ventures, and Greycroft Partners, to help the company expand its partnerships and automated investment features, according to a company press release.
Acorns was originally founded in 2012, and in recent years became more FinTech focused as the company’s app was launched, and after setting up Acorns Advisers, LLC, which acts as the Registered Investment Advisor (RIA) with the Securities and Exchange Commission (SEC), ... (read more)