Acorns is a financial wellness app focused on automated saving and investing. It allows users to invest spare change, trade in diversified portfolios including Bitcoin-linked ETFs and individual stocks, and save for retirement and children. The app also offers checking and emergency fund accounts.
Rationale
Acorns is a strong match for the investment and savings aspects of Cash App. It explicitly offers automated investing, including stock and Bitcoin-linked ETF trading, and a 'Round-Ups' feature similar to spare change investing. While it provides checking and savings accounts, it does not offer instant P2P transfers or a general-purpose prepaid debit card in the same vein as Cash App, nor does it emphasize early direct deposit as a core feature.
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