In addition to investing money from the spare-change investing feature, which rounds up credit and debit card purchases to the nearest dollar and invests the difference, users will be able to invest their own additional capital.
The company said that it believes the new feature will drive user engagement and that it is working on a new portal to educate investors about building diversified stock market portfolios. “I always stress that education is such an important part about what Acorns provides,” Kerner said.
The disclosure of the feature comes ahead of Acorns own public market debut. Kerner wouldn’t project how the new feature will help grow subscribers. The company said it currently has more than 4 million paying subscribers and is targeting growth to 10 million by 2025.