The Work Index by Flexa

Acorns

Acorns is a financial wellness platform that helps users save and invest, earn more, spend smarter, and grow their financial knowledge through a user-friendly app.

https://www.acorns.com/
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Description

Acorns is a financial wellness platform that offers a suite of services designed to help individuals save, invest, and grow their wealth. They are known for their "Round-Ups" feature, which automatically invests spare change from purchases into a diversified portfolio of ETFs. Acorns also provides a checking account that offers real-time Round-Ups, no hidden fees, and early payday access. They have various subscription tiers catering to different financial needs and goals, offering retirement accounts, custodial accounts for kids, and access to educational resources.

Acorns distinguishes itself by simplifying the investment process, making it accessible to individuals who may not have significant capital or financial expertise. They aim to foster a "growth mindset" towards personal finances, encouraging users to invest consistently, even small amounts, and harness the power of compound interest for long-term wealth building. Acorns is backed by world-class investors and advisors, including two Nobel Prize winning economists, showcasing their commitment to innovation and responsible financial practices.

Flexibility

Acorns offers flexible work options for their employees, allowing them to work remotely, in the office, or in a hybrid arrangement. While the company encourages employees to be physically present in the office, they are open to considering fully remote or hybrid arrangements for qualified candidates. This flexibility allows employees to choose the work environment that best suits their needs and preferences, contributing to a healthy work-life balance.

Benefits

Acorns offers a comprehensive benefits package to its employees, designed to support their well-being and financial security. These benefits include comprehensive healthcare coverage, a 401k with a discretionary match, equity grants, competitive compensation, flexible paid time off, unlimited Udemy classes, wellness programs, flexible work hours, quarterly team outings, personal development plans, annual compensation reviews, recognition programs, bi-weekly 1:1s with managers, MacBooks, commuter benefits in their New York office, and flexible work options including fully remote or hybrid arrangements.

Enhanced parental leave

Mission

Acorns' mission is to empower everyone to achieve financial wellness by making saving and investing simple and accessible. They strive to create a revolutionary investing experience that caters to the needs of the up-and-coming, encouraging micro-investing and offering a suite of financial tools, including automated investment advice, retirement accounts, banking services, and educational resources. They believe that financial success should be achievable for all, regardless of background or experience.

Automation
Data-driven
Disruptor
Improving quality of life/health
Social impact led
Tech for good

Culture

Acorns fosters a culture driven by its mission to make saving and investing easy and accessible for everyone. They value hard work, innovation, and taking bold decisions to create a new world of financial wellness. Their core values are lead with heart, make bold decisions, always build trust, never stop growing, and find a way. This leads to a dynamic and collaborative environment where employees are encouraged to be themselves, make an impact, and drive change while supporting a diverse and talented team.

People-first

DE&I

Acorns is committed to building a diverse, equitable, and inclusive workplace where everyone feels valued, respected, and empowered. They believe that a diverse workforce leads to better decision-making, innovation, and customer experiences. Acorns actively promotes diversity and inclusion through their hiring practices, employee resource groups, and training programs. They strive to create a workplace that reflects the diversity of their customers and the communities they serve.

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