Top 21 Preferable Alternatives to Acorns
Top 21 Preferable Alternatives to Acorns
Acorns is a prominent player in the finance industry, known for providing an investment platform aimed at simplifying personal finance for average consumers. Individuals can steadily accumulate wealth via 'micro-investing', a system that invests spare change from everyday purchases. This innovative approach carved out a niche for Acorns in a competitive sector, populated by diverse financial technology companies. These companies, like Acorns, generally offer a range of solutions from digital wealth platforms to commission-free trading services. The industry is evolving, with firms increasingly leveraging financial technology to streamline financial operations and promote financial inclusion. This industry shift dictates the need to explore Acorns alternatives.
Top 21 Acorns alternatives
1. SigFig
- Website: sigfig.com
- Headquarters: San Francisco, California, United States
- Founded: 2006
- Headcount: 201-500
- Latest funding type: Series E
SigFig is a financial technology company that offers digital wealth platforms and personalized investing experiences for mass and mass affluent clients. They provide intelligent portfolio management and client interaction management platforms for financial services professionals.
2. Robinhood
- Website: robinhood.com
- Headquarters: Menlo Park, California, United States
- Founded: 2013
- Headcount: 1001-5000
- Latest funding type: Post Ipo Secondary
Robinhood is a financial company that offers commission-free trading and investment services. Users can invest in individual companies or bundles of investments, including ETFs. They provide access to the stock market, allowing customers to buy, sell, and manage their investments through a mobile app or website.
3. Naranja X
- Website: naranjax.com
- Headquarters: Córdoba, Córdoba, Argentina
- Founded: 2019
- Headcount: 1001-5000
Naranja X is a financial technology company that offers investment and banking services. They provide a mobile app for generating returns, managing credit cards, and making transfers. With a focus on inclusion and customer interests, Naranja X aims to provide a safe and convenient platform for individuals to invest and manage their finances.
4. Swell Investing LLC
- Website: swellinvesting.com
- Headquarters: Santa Monica, California, United States
- Founded: 2015
- Headcount: 11-50
Swell is an impact investing platform that offers thematic portfolios of publicly-traded companies innovating in high growth industries. Swell aims to solve global challenges and considers investing in impact companies as good business. Set up your account and choose your mix of companies to help save for retirement, college, or a new house.
5. Wealthify
- Website: wealthify.com
- Headquarters: Cardiff, Wales, United Kingdom
- Founded: 2014
- Headcount: 11-50
- Latest funding type: Corporate Round
Wealthify is a financial investment company that offers a range of investment Plans, including ethical options. With no minimum investment and the ability to withdraw anytime without penalties, Wealthify helps individuals easily invest their capital. The company offers personalized pension options and investment ISAs, allowing customers to set their own goals and choose their risk level. Wealthify charges a simple annual fee for managing investments, with an emphasis on keeping costs low. With a focus on innovation and operating independently, Wealthify provides a secure and trustworthy platform for investment.
6. Qapital
- Website: qapital.com
- Headquarters: New York, New York, United States
- Founded: 2013
- Headcount: 51-200
- Latest funding type: Seed
Qapital is a financial app that helps users save, invest, and set spending money aside automatically. With set-and-forget money tools, users can reach their financial goals easily by automating their financial plan. Qapital offers features like saving, budgeting, investing, and debt management to help users manage their finances effectively.
7. Scalable Capital
- Website: scalable.capital
- Headquarters: München, Bayern, Germany
- Founded: 2014
- Headcount: 201-500
Scalable Capital is a financial technology company based in Munich, Germany. They offer a range of investment and wealth management services, including robo-advisory solutions and brokerage services. With their innovative platform, clients can easily invest in a diversified portfolio of ETFs, benefiting from low fees and professional portfolio management.
8. Avanza Bank
- Website: avanza.se
- Headquarters: Stockholm, Stockholms Lan, Sweden
- Founded: 1999
- Headcount: 201-500
- Latest funding type: Debt Financing
Avanza is a financial services company that offers online investment and banking services. They provide a platform for individuals to manage their savings, investments, and pensions. With a focus on sustainability, Avanza allows customers to invest in sustainable funds and offers educational resources for individuals to learn about investing.
9. Digit
- Website: digit.co
- Headquarters: San Francisco, California, United States
- Founded: 2013
- Headcount: 51-200
- Latest funding type: Acquired
Digit.co is a financial technology company that offers easy investment solutions for long-term wealth and retirement. With their platform, users can contribute to a portfolio at their own pace, get paid early, and set unlimited savings goals.
10. Altruist
- Website: altruist.com
- Headquarters: Culver City, California, United States
- Founded: 2018
- Headcount: 51-200
- Latest funding type: Series B
Altruist is a technology and tools provider designed to help financial advisors achieve better outcomes. They offer advisory services, brokerage products, and commission-free trading. Their platform streamlines operations, improves client experience, and helps advisors scale their business.
11. Credit Karma
- Website: creditkarma.com
- Headquarters: Oakland, California, United States
- Founded: 2007
- Headcount: 1001-5000
- Latest funding type: Acquired
Credit Karma is an online platform that offers various financial products and services, including mortgage calculators, balance transfer cards, personal loans, and online savings. They also provide resources on personal finance, credit monitoring, identity monitoring, and unclaimed money. Additionally, Credit Karma offers insurance-related services and credit scores. It is a comprehensive platform for individuals looking to manage and improve their financial health.
12. Bankrate
- Website: bankrate.com
- Headquarters: New York City, New York, United States
- Founded: 1993
- Headcount: 501-1000
- Latest funding type: Acquired
Bankrate.com is a financial information platform that provides consumers with tools and resources to make informed financial decisions. It offers a wide range of calculators, guides, and articles related to mortgages, personal loans, insurance, investments, and more.
13. NerdWallet
- Website: nerdwallet.com
- Headquarters: San Francisco, California, United States
- Founded: 2009
- Headcount: 201-500
- Latest funding type: Ipo
NerdWallet is a financial technology company that provides personal finance advice and tools to help individuals make informed financial decisions. Their platform offers a wide range of resources including credit card recommendations, mortgage rates comparison, investment advice, and budgeting tools.
14. Wealthsimple
- Website: wealthsimple.com
- Headquarters: Toronto, Ontario, Canada
- Founded: 2014
- Headcount: 501-1000
- Latest funding type: Private Equity
Wealthsimple is a financial technology company that offers a range of investing services, including online trading, robo-advisory, and cryptocurrency trading. They provide a user-friendly platform for individuals to manage their investments and grow their wealth.
15. Money Dashboard
- Website: moneydashboard.com
- Headquarters: Edinburgh, Scotland, United Kingdom
- Founded: 2009
- Headcount: 11-50
- Latest funding type: Acquired
Moneydashboard.com is a financial management platform that helps users keep track of their finances by providing insights, budgeting tools and personalised recommendations to make better financial decisions.
16. Zopa
- Website: zopa.com
- Headquarters: London, London, United Kingdom
- Founded: 2005
- Headcount: 201-500
- Latest funding type: Series Unknown
Zopa is a company that offers credit cards, loans, and savings and investment products to its customers. They have built an app to help manage finances and provide services online, making it stress-free for users. With a focus on simplicity and great customer experience, Zopa aims to provide easy access to financial products and help customers stay on top of their money.
17. FutureAdvisor
- Website: futureadvisor.com
- Headquarters: San Francisco, California, United States
- Founded: 2010
- Headcount: 51-200
FutureAdvisor is an online financial advisory platform that provides automated investment management services and investment advice.
18. Betterment
- Website: betterment.com
- Headquarters: New York, New York, United States
- Founded: 2010
- Headcount: 201-500
- Latest funding type: Debt Financing
$32+ Billion Betterment is a financial services company offering automated investing, high-yield cash accounts, retirement planning, and socially responsible investing. They provide expert guidance, a historical performance tool, and an all-in-one dashboard to track goals. Betterment focuses on investment strategies, portfolio options, and tax-smart investing to help individuals and families optimize their finances.
19. Tinkoff
- Website: tinkoff.ru
- Headquarters: Moscow, Russia, Russian Federation
- Founded: 2006
- Headcount: 10001+
Tinkoff is a company that offers a wide range of financial services to its customers. They provide online banking, investment opportunities, insurance, and various other financial products. With a strong focus on technology and innovation, Tinkoff aims to simplify and enhance the banking experience for individuals and businesses alike.
20. Stash
- Website: stash.com
- Headquarters: New York, New York, United States
- Founded: 2015
- Headcount: 201-500
- Latest funding type: Debt Financing
Stash.com offers an easy and accessible platform for investing in what matters to you. With curated options based on your interests and beliefs, you can choose from a range of investments to grow and gain value. Stash tailors investments to your individual preferences, allowing you to invest in a way that aligns with your goals and values.
21. Fundrise
- Website: fundrise.com
- Headquarters: Washington, District Of Columbia, United States
- Founded: 2010
- Headcount: 201-500
- Latest funding type: Corporate Round
Fundrise is an online real estate investment platform that allows individuals to invest in properties, earn passive income, and build wealth.
Want to find more Acorns alternatives?
If you want to find more companies like Acorns that are offering diverse, innovative variations on investment and banking services you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.
With Inven you'll also get to know the company's:
- Ownership: Which of these are private equity backed? Which are family-owned?
- Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
- Financials: How do these companies perform financially? What are their revenues and profit margins?
...and a lot more!
