Acorns, a micro-investing app in the US, has launched a gift card to enable people grow wealth together by investing in each other with a gift.

The gift cards can now be purchased for $25 in the Acorns app and also at its website. They will also be sold on eBay, PayPal and at Toys-R-Us retailers across the US.

Acorns said that it current clients can redeem their gift to receive an automatic investment in their accounts.

Even those who are not Acorns customers can buy the gift card. However, recipients will need to have or create an account with Acorns to redeem their gift card.

Though launched for the holiday season, the digital gift card will be a permanent feature in the app, the company said.

Acorns CEO Noah Kerner said: “Our mission is to look after the financial best interests of the up-and-coming. This gift card will help people look after one another, with a gift that keeps growing. It’s time to start encouraging community around financial wellness. Investing has historically been pretty solitary. Now, we can help each other grow wealth.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.