Micro-investing app maker Acorns of Irvine has acquired Pillar, a New York-based debt management firm, on undisclosed terms.
Pillar managed about $500 million worth of student loan debt for over 15,000 borrowers, according to startup publication TechCrunch.
The deal is the second acquisition for Acorns this year; it acquired debt-reducing fintech Harvest in March on undisclosed terms.
Acorns, founded in 2012, has about 9 million users and $4.3 billion in assets under management. It counts about 350 employees.