Consumer Finance

Kimberly Redmond | |

Sam’s Club and Service Finance Company have teamed up to launch a new service that connects the wholesale club’s members with local home improvement contractors and offers financing options for projects around the house.

Through the Sam’s Club Home Install Experts by Service Finance program, members can select a product and service and then schedule a free consultation with a Service Finance dealer to discuss financing options.

Kimberly Redmond | |

Acorns Grow Inc (Acorns) announced Thursday it will go public through a merger with special purpose acquisition company (SPAC) Pioneer Merger Corp (Nasdaq: PACX) in a deal that values the popular savings and investing app at about $2.2 billion.

As part of the transaction, Pioneer would contribute about $400 million in cash, with another $165 million coming from a related private placement involving Wellington Management Company, Senator Investment Group, Declaration Partners, Greycroft, TPG Capital and BlackRock Inc.