Just a little spare change squirreled away hardly appears one of the best visible for five-year-old robo advisor Acorns anymore. WealthManagement.com noticed information of the startup’s newest $105 million in personal fairness funding via the outlet of one in all its newest buyers, CNBC, which is owned by NBCUniversal, in flip owned by Comcast. This newest spherical follows a $50 million funding by BlackRock in Might 2018.
Along with the fairness funding, a strategic partnership with Comcast-owned CNBC was introduced Monday, which is able to produce authentic content material for and with Acorns and the startup’s separate content material and academic web site known as Develop. In accordance with CNBC’s story/announcement, the bigger firm will group up with Acorns “on articles, movies and ultimately dwell conferences with the purpose of accelerating monetary literacy.”
The most recent funding makes NBCUniversal Acorns’ greatest shareholder and that will get the published big a seat on the Acorns boat, which can be stuffed by CNBC Chairman Mark Hoffman.
Post a Comment