GoHenry, a prepaid spending card for children, has scored $55m from a recent financing round to push forward plans for global expansion.
The round was financially backed by investors Revaia and Edison Partners as well as payments firm Nexi.
Established in 2012, GoHenry is a FinTech firm with mission of making every child smart with their money. The GoHenry prepaid debit card and financial learning app is designed for kids aged 6 to 18.
The company offers parent and child apps to provide tools to help children learn more about money, all with parental oversight. Money Missions – an in-app service – provides a gamified, integrated financial education experience for children.
Alex Zivoder – CEO of GoHenry – said the firm is seeking increasingly heightened demand for its services.
He added, “As digital payments become the norm, more families are looking for solutions to help their kids and teens interact with and understand how to manage money in a cashless world.”
GoHenry previously acquired Pixpay, a leader in teen banking in France and Spain. This marked the company’s first reach into Europe as the company looks towards global expansion.
The new funding will be used to further grow its global presence, starting with Pixpay’s Italian launch later in 2022.
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