Acorns terminated a $2.2bn merger with Pioneer Merger.

Acorns, the saving and investing app, terminated a $2.2bn merger with Pioneer Merger, a publicly traded special purpose acquisition company. Wellington Management, Senator, Declaration Partners, Greycroft, The Rise Fund, TPG and BlackRock participated in the transaction. "Acorns is not only a category leader but also a category creator. Its value proposition is built around inclusive, long-term financial wellness. With integrity at its core, the brand has an incredibly loyal following and market leading retention rates. I could not be more excited to partner with Acorns," Jonathan Christodoro, Pioneer Chairman. On January 19, 2022, Acorns terminated a $2.2bn merger with Pioneer Merger.