Fintech Acorns has announced a new Premium Tier service that incorporates access to GoHenry.
Acorns is a platform that enables investing, leaning heavily on long-term goals and enabling automated investments. To date, Acorsn reports more than $16 billion in investments.
GoHenry was launched in the UK and initially raised growth capital via several crowdfunding rounds. GoHenry offers a debit card and financial education app designed for kids aged 6 – 18. The goal is to teach financial awareness at a young age by saving and spending responsibly.
Acorns acquired GoHenry in early 2023.
The new Premium Tier is focused on the family and establishing good habits while building wealth over time. Parents may set up automated allowances, make instant transfers, and select spending limits while scheduling chores for kids to earn through the app. Kids and teens can set savings goals and keep an eye on their budgets in real-time.
Acorns CEO Noah Kerner says people who receive financial education earlier in life tend to have better financial outcomes. He said they are passionate about the well-being of young people and families.
The company said additional features will be forthcoming including the option to jointly manage money, investments and retirement savings.