Acorns is a financial wellness app that focuses on automated saving and investing. It allows users to invest spare change through Round-Ups, invest in diversified portfolios, and offers options for retirement and kids' investment accounts. The platform also provides savings features and educational content to help users grow their financial knowledge.
Rationale
Acorns is a strong match for several 'other' features and some 'must-have' features related to investing. It explicitly offers commission-free stock trading (though it's for individual stocks from the largest 100+ public US companies, not all US-listed stocks), Bitcoin trading (via a Bitcoin-linked ETF), fraud monitoring, high-yield savings, and round-up savings. However, it does not offer instant P2P transfers, a general-purpose prepaid debit card for everyday spending, or early direct deposit, which are core 'must-have' features of the Cash App concept.
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