Focused on Investing Products For Kids: Acorns CEO
You mentioned kids too, whether you're an adult or a child, and you've been investing in younger people, parents and their children into investing in the future. How much traction are you getting? A lot. We have a product called Acorns Early that makes it really easy for parents to save and invest for their kids starting at birth. I love this statistic that if you start investing $5 a day for your newborn by retirement, they'll have over $4 million at an 8% compound rate. And we just acquired a product called Go Henry out of the UK that is a kids product. The kids can start getting involved with it, six years old, learning about money, getting rewarded by their parents for learning about money, getting paid for chores with an allowance card and all that kind of stuff. So we're very focused on the kids market and the Acorns family experience will be something we prioritize forever actually. How global can you get? You mentioned the UK expansion here too. I mean, how large do you think you can get in the next year or so globally? I mean, saving and investing for everyday people is a global need. So we're going to focus on bringing this everywhere.