Acorns, an online investment platform providing access to securities, crypto, and banking services, has acquired UK-based Fintech GoHenry.
GoHenry is a digital investment platform that targets younger investors, aiming to get them started on securing their financial future early in life. GoHenry is also a notable crowdfunding veteran, having raised capital online using the services of Crowdcube. £12 million on Crowdcube.In 2016, GoHenry broke Crowdcube’s record for most funded securities offering, raising £3.99 million from 2,371 investors for a 15.98% equity stake in the Fintech, which reportedly included over 1,200 existing GoHenry customers. GoHenry went on to raise three funding rounds after 2016, collectively raising almost
Just last October, GoHenry raised $55 million in funding in order to fuel its move into new markets. It has been reported that the transaction was an all-stock deal.
In a blog post, CEO of Acorns Noah Kerner said that kids around the world need money management tools and financial education.
“GoHenry’s mission-driven approach is perfectly aligned with Acorns, which we expect will help us accelerate our roadmap and deliver global financial wellness through all of life’s stages.”
GoHenry said they, along with Pixpay, have combined with Acorns enabling them to prepare the next generation for a brighter financial future. Pixpay was a recent GoHenry acquisition that aided its expansion in Europe.
GoHenry assured UK and European customers little would change while there will be new services made available for existing customers.
“We believe that there’s never been a greater need for easy-to-use products that encourage everyone to build strong money habits by building confidence and practical experience in their ability to save, invest and budget. It’s always been our mission to make every kid and teen smart with money, and we’ll soon be in a position to expand this to include the whole family, with financial educational products for everyone aged 6 to 106! This means we will empower kids and adults alike to build strong money skills by putting the responsible tools of money management and education in the hands of kids, teens and adults, globally, through life’s many stages.”
In the US, GoHenry will still use its current name, adjusting it slightly to GoHenry by Acorns.
Acorns was founded in the United States in 2012 as an app to provide the tools of wealth-making available to everyone.
Louise Hill, co-founder and COO of GoHenry, explained that being part of Acorns will help them scale their services to millions more users.