PR Newswire
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
SOURCE Acorns