5 years ago

GoHenry Raises $40 Million to Expand Financial Education App for Kids

  • GoHenry, a UK-based fintech company providing prepaid debit cards and a corresponding app for children aged 6-18, has raised $40 million in Series A funding led by Edison Partners

  • The round also saw participation from Gaia Capital Partners, Citi Ventures, and Muse Capital

  • GoHenry aims to empower children with financial education and responsible money management, allowing parents to control spending and top up the card

  • The company has achieved profitability and plans to use the funding for US expansion.

      • ProblemFinancial Services

      "Parents are struggling to teach their kids about money and how to manage it. Traditional banks don't offer services specifically designed for young people, leaving them feeling left out of the digital economy."

      Solution

      "GoHenry provides a prepaid debit card and app that allows parents to control and top up their kids' spending while also giving kids the freedom to learn about managing money. The app has features that help kids earn money for completing tasks and track their spending habits."

      Covered on