App that invests spare change on the stock market launches in Australia

If you regularly have 50 cents left over from your daily coffee purchase, you could be doing more with it than simply tossing it in a jar with all your other shrapnel.

The fintech app, Acorns, which officially launched in Australia on Wednesday — its first market outside the U.S. — aims to help people start investing with only small amounts of money, and without high commissions and prohibitively large minimum account balances.

The free Android and iPhone app, which was founded in 2012 by Jeff Cruttenden and his father, Walter Cruttenden, aims to open up investing to young people and those who might be intimidated by the process. Read more...