Acorns, a micro-investing app, is now available in Australia, the company said.
This first international expansion market represents the company´s continued commitment to helping the next generation of investors chart a path to financial freedom by eliminating the barriers that have traditionally made starting to invest so daunting.
More than 26,000 people have already signed up for a waiting list to download the app, which is now available in the App Store and on Google Play.
Acorns Australia is a joint venture between Acorns Grow Inc. of the USA and Instreet Investment Limited, based in Sydney.
Acorns allows users to round up their daily purchases and automatically Invest the ChangeÂ® into a low-cost, diversified portfolio of exchange-traded funds offered by some of the world´s top asset managers (including Vanguard and Blackrock). Founded in Newport Beach, Calif., by father and son team Walter and Jeff Cruttenden, Acorns provides a simple entry-point using the Acorns app on iPhone or Android. Customers accumulate fractional shares in one of five portfolios constructed by world-renowned Nobel Laureate economist Dr. Harry Markowitz.