PayPal invests $30 million in Acorns investing app

 Acorns, the investing app, is announcing a $30 million strategic investment from PayPal, with participation from the Rakuten Tech Fund. This brings the team’s total funding to $62 million. With 850,000 active investment accounts, Acorns works by rounding up purchases and investing the remainder. In other words, if you buy a latte for $3.99, that penny will go into an ETF. Users trust… Read More