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Home»Fintech»GoHenry raises $55m for European expansion
Fintech

GoHenry raises $55m for European expansion

October 13, 2022Updated:October 13, 2022No Comments1 Min Read
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Lloyds Bank launches combined spending and savings account for kids
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GoHenry, the UK-based supplier of a pre-paid debit card and monetary schooling app for teenagers, has raised $55 million to fund its transfer into new markets.

Current traders Edison Companions and Revaia joined the spherical, alongside new capital from Italian paytech Nexi.

GoHenry, which launched within the UK ten years in the past and has since expanded to the US, claims greater than two million customers for its kids-focused fintech app. The agency says a pandemic-inspired shift away from money helped it to double income to $42 million final yr.

In July, the agency acquired peer Pixpay, giving it a foothold in France and Spain. Pixpay will launch in Italy later this yr.

Alex Zivoder, CEO, GoHenry, says: “Below the present market situations, to have attracted funding from a number one PLC like Nexi is testomony to the sturdy enterprise we have now constructed at GoHenry since we launched 10 years in the past.

“As digital funds turn out to be the norm, extra households are on the lookout for options to assist their children and teenagers work together with and perceive methods to handle cash in a cashless world.”

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See also  Huobi Global Steps up Latin America Presence With Bitex Acquisition
55M European expansion GoHenry Raises
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