GoHenry, a FinTech aimed at children, has teamed up with payments giant Visa to provide more kids and teens across the US, UK and Europe with access to prepaid cards.
This agreement will see Visa become the exclusive network partner for GoHenry prepaid cards.
GoHenry and Visa had an existing partnership in the UK since 2012.
With the extension of this partnership, Gohenry hopes it can bolster its expansion plans and streamline its operations. It also provides its customers with the ability to top up their Visa prepaid cards through Visa Direct, accelerating the access to pocket money for kids.??
GoHenry was launched to help transform financial education for kids, teens and their parents. Its financial education app and prepaid card helps teach users about money and other related services. Its platform supports earning, saving, spending responsibly and giving.
Parents are provided with real-time updates, customisable controls and more.
GoHenry co-founder and COO Louise Hill said, ?As a category pioneer in the financial education space, we needed a partner we could rely on and that was able to offer us support and guidance not only as a new entrant into the sector, but with our growth plans too. Visa has done that and more over the last decade of working together.
?As we further our European expansion, Visa in-country expertise, support and global presence will be invaluable as we look to grow our two million plus member base and accelerate the financial fitness of even more kids and teens.span>
In addition to the Visa brand, scale and global acceptance footprint, Visa will help GoHenry reach new audiences.
A recent partnership between Visa and GoHenry for the Olympic Games Tokyo 2020 provided its UK customers with an Olympic-themed, limited-edition collection of Visa prepaid cards.
GoHenry recently raised $55m in funding to support its global expansion plans. The investment was backed by Revaia and Edison Partners as well as payments firm Nexi.
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