47.3 F
Laguna Hills
Friday, Dec 9, 2022
-Advertisement-

Acorns Acquires Student Loan Fintech Pillar

 

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. 

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-