Bono’s VC Firm Said to Make Its First Fintech Investment

Financial technology startups are grabbing a greater share of capital from investors. Now Bono is getting in on the action.

The Rise Fund, a private investment firm co-founded by the U2 lead singer, is making its first known bet on a fintech business by backing Acorns Grow Inc., said people familiar with the matter, who asked not to be identified because the details are private. Acorns offers a stock-investing app tailored to people with small amounts of disposable income.

A spokeswoman for Acorns declined to comment, and the Rise Fund didn’t immediately respond to a request for comment.

Bono helped ...