Savings and investing fintech Acorns has been relatively quiet since it acquired the UK neobank for kids, GoHenry, six months ago.
Now we have the first new update launching as a result of this acquisition. Acorns’ updated Premium Tier is a $9 per month subscription service that has included new updates to focus on family financial management.
It includes access to Acorns Early which allows friends and family to invest in a child from birth.
Once a child turns six they can get access to a GoHenry debit card to help them build budgeting skills and gain understanding about money. Acorns Premium is not just about kids.
There will soon be new tools targeting couples, parents looking to manage money together.
While fintech is extremely competitive there has been no clear winner emerging in the family segment.
Several companies such as Greenlight, Step and Copper are getting traction but there is certainly room for more players here.
It makes me optimistic that the next generation will be the most financially literate ever.
Asia: Indian fintech CRED’s earnings surge 3.5x to $168 millionCRED grew its operating revenue by a staggering 255% to $168.1 million in the financial year ending March as the fintech startup, which garners an Indian fintech startup CRED grew its income by a staggering 252% to $178.2 million in the financial year ending March.
Global: Tokenized digital assets will be a $16 trillion market by 2030I blogged about tokenizing everything the other day and my friend Efi made an interesting post the other day, related to this, about a report from the Boston Consulting Group. The report focuses upon India, which claims to be the third largest FinTech economy behind America and Britain, and specifically calls out a few key trends.