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.
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.”