Fenwick represented Pillar, an AI-powered startup built to help manage student loan debt, in its acquisition by Acorns, a saving and investing app.
The Pillar team will help Acorns accelerate its product roadmap by helping customers pay down debt. Over time, Pillar will become part of one of Acorns’ monthly subscription tiers. More information can be obtained from this news coverage of the acquisition.
The Fenwick transaction team was led by corporate partner Kristine Di Bacco and included principal Eli Curi, along with executive compensation and employee benefits partner Marshall Mort.