Micro-investing platform, Acorns, has announced that its Found Money rewards program will be launched in Australia this year. The program invests money directly into Acorn investor user accounts when purchases are made with specific Found Money partners. This is either a cash deposit of a set dollar figure, or a percentage of the transaction value.
The program allows businesses to offer customers reward or loyalty points. Acorns users get rewards for spending with certain companies instead of discounts. Applications are now being accepted from Australian businesses that are interested in becoming Found Money partners.
The Acorns micro-investment platform has over 100,000 Australian users, and 15,000 daily active users and 64,000 monthly active users.