Acorns Branches Out, Now Available On Android

Fast Growing Micro Investment App Debuts In Google Play Following Momentous Success Of iOS Launch

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Oct 08, 2014, 09:00 ET

NEWPORT BEACH, Calif., Oct. 8, 2014 /PRNewswire/ -- Acorns, the first micro investing app that helps people save and invest, today announced the highly anticipated release of the Acorns app for Android devices, which is now available as a free-to-download app on Google Play. Following its massively successful iOS launch in August 2014, Acorns is ready to help Android users automatically harvest, save and invest spare change from everyday purchases.

Acorns logo. (PRNewsFoto/Acorns Grow Inc.) (PRNewsFoto/Acorns Grow Inc.)

"Following our iOS launch, we received an overwhelming flood of inquiries about when we would launch on Android," said Jeff Cruttenden, Cofounder and COO of Acorns. "The rapid user adoption we saw in the first few days in the App Store speaks to the pent-up demand for a fast, fun and easy way to get invested, especially among young people who are just starting out. Extending the app to Android devices is the next step in our goal to bring friction-free, super easy, investing to the world."

Since launching the app in late August, the company has seen over sixty thousand iPhone users open Acorns investment accounts and begin rounding up spare change. With one third of users under the age of 23, and one quarter earning less than $25,000 annually, Acorns is helping younger generations get started sooner and reap the benefits of compounding, at an earlier than normal age. Through features like invest the change and found money, Acorns is making it easier than ever before to build wealth, little by little, in the background of life.

The free-to-download Android edition includes all features offered for iPhone. You can download the app here, on Google Play.

About Acorns Grow Inc.
Acorns is the first true micro investing company, allowing people to round up purchases and automatically invest the change®. The Acorns app and financial engine were built to help people micro invest commission-free into a diversified portfolio of index funds offered by the world's largest asset managers: Vanguard, Blackrock, and PIMCO. Customers accumulate fractional shares, automatically saving and investing small amounts of money frequently. The app can also help identify and gather found money, such as rebates and rewards, which can be automatically swept into the customer's investment account. Like the alarm app that helps you wake, and the calendar app that helps you keep appointments, Acorns works behind the scenes, saving and investing pennies at a time, so you don't have to. From Acorns mighty oaks do grow!

Acorns Grow Inc. (d/b/a/Acorns) is the parent of Acorns Securities LLC, a member of FINRA and SIPC, and Acorns Advisers LLC, an SEC registered investment adviser.

This is not an offer or a solicitation to buy or sell securities. Investing involves risk. Investments are not FDIC or NCUA insured. Projections are hypothetical in nature. Brokerage services are provided to Acorns Advisers LLC by Acorns Securities LLC, member of FINRA/SIPC.

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SOURCE Acorns Grow Inc.