Tuesday, November 7, 2017

Vault Acquired By Acorns

Portland-based Vault, a startup developing services which had automatically helped users save for retirement when they were paid, has been acquired by fintech startup Acorns, the companies said on Tuesday. Financial details of the acquisition were not announced. According to Vault CEO Randy Fernando, Vailt will relaunch itself as Acorns Later sometime in early 2018. The company said it service automatically "rounds up" spare change from everyday purchases for retirement savings.