IRVINE, Calif., Sept. 15, 2021 /PRNewswire/ -- Acorns Grow
Incorporated ("Acorns"), the saving and investing app, today hosted
a virtual analyst day where the Company provided an overview of its
business and vast market opportunity, brand and marketing strategy,
growth strategy, and financial outlook.
"We are building a generational company that grows sustainably
and creates long-term value both for our customers and investors,"
said Noah Kerner, CEO of Acorns. "In
our third fiscal quarter, Acorns highly differentiated financial
wellness system, attractive, recurring subscription model and
trusted brand enabled us to generate 79% revenue growth and 34%
ARPU expansion year-over-year. We are excited about the long-term
opportunities for Acorns as we continue to invest and grow from 4.3
million subscribers today toward our goal of 10 million subscribers
in 2025."
Virtual Analyst Day Presentation
A replay of the webcast and the presentation materials are
available through Acorns investor relations page at
Acorns.com/investor-relations/.
Acorns Path to Becoming a Public Company
In May, Acorns entered into a definitive agreement to combine
with Pioneer Merger Corp. (NASDAQ: PACX), a publicly traded special
purpose acquisition company. The transaction will result in Acorns
becoming a publicly traded company on the Nasdaq Capital Market
under the symbol OAKS.
About Acorns
Acorns is how everyday consumers can save & invest for the
long term. By putting tools of wealth-making in everyone's hands,
Acorns has become the largest subscription service in U.S. consumer
finance, serving more than 4 million everyday Americans. Customers
get automated investing in diversified portfolios, built with help
from experts like Nobel Laureate economist, Dr. Harry Markowitz. Acorns easy retirement account
allows customers to invest for a better life later in minutes, no
expertise required. To help everyone spend smarter, Acorns
introduced banking that invests with every swipe, and cash-forward
rewards. And, everyday Americans may invest in their kids and get
money news they can use, all from the same app. To date, customers
have invested more than $9.6 billion
with Acorns, much of it in spare change. From acorns, mighty oaks
do grow!
Investing involves risk, including loss of
principal. Round-Up investments are transferred from
your linked funding source (checking account) to your Acorns Invest
account, where the funds are invested into a portfolio of selected
ETFs. Round-Up investments from an external account, will be
processed when your Pending Round-Ups reach or exceed $5. Round-Up investments from Acorns Checking
accounts will be processed on an ongoing basis if the Round-Ups
setting is set to automatic. Please consider your objectives, risk
tolerance, and Acorns' fees before investing.
Investment advisory services provided by Acorns Advisers, LLC, SEC
Registered Investment Advisor. Brokerage services provided by
Acorns Securities,
LLC member FINRA/SIPC.
Investor Contact:
Jay Li
jli@acorns.com
Media Contact:
Jessica Schaefer
Jessica@acorns.com
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SOURCE Acorns