With the latest capital infusion, Acorns has raised over $500 million, according to Crunchbase. Private equity firm TPG led its Series F, which also included participation from BlackRock, Greycroft, Owl Rock (a division of Blue Owl), Senator Investment Group, Torch Capital, Industry Ventures, Bain Capital Ventures, Galaxy Digital, Headline and Kevin Durant & Rich Kleiman’s Thirty Five Ventures, among others. In the meantime, Acorns has raised money to continue to explore more acquisitions - it acquired two companies in the first half of last year - as well as to fund “growth and innovation,” Kerner said. “We think that makes the most sense going forward.” “As we go forward, we’re going to pursue a traditional IPO,” he said. New York-based Acorns had last raised more than three years ago - a $105 million Series E round in January of 2019 at an $860 million valuation.ĬEO Noah Kerner told TechCrunch this week that the company felt it “ wasn’t the right time to go public.” The announcement of the raise comes about six weeks after the consumer fintech startup said it was shelving its plans for its $2.2 billion SPAC with Pioneer Merger Corp. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.Savings and investing app Acorns has raised $300 million in a Series F funding round that values the company at nearly $2 billion. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We can't recommend any of the products and/or services featured on the site. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. Not competitive at all.ĭisclaimer: .uk is a business finance and lending research and information website publisher. Lots of extra charges for everyday banking features.Includes all the essentials you’d expect from a business current account.Smart Money People – 1/5 (based on 2 reviews) Acorn Account isn’t included in the Which? list of ‘Best & Worst Banks’. A few reviewers also say it takes ages to clear payments, and it’s difficult to manage your account over the weekend. Some comment on having their account closed or blocked with no warning, and others say the business account is way too expensive to manage. There are only 16 reviews on Trustpilot, and two on Smart Money People, and the majority of them are 1/5 ratings. The account also includes a Prepaid Mastercard with the first card include as part of the account fee, additional cards are charged at £5 per month per card. There are also charges for many other routine account transactions and processes, including faster payments, withdrawing from ATMs, and foreign currency. There’s an account activation fee of £60, as well as a monthly minimum charge of £12.50. If you need to speak to a real person, there’s a UK-based call centre. If you need to pay in or withdraw physical cash, you can go to your local Barclays branch. Your Acorn Account will include a Mastercard debit card, an online platform and app to manage your account.
0 Comments
Leave a Reply. |