Children-focused FinTech, GoHenry, raises $55m

Congratulations to the team at GoHenry for closing their latest funding round. The fact they’ve managed to do so in rather difficult economic circumstances is a testament to the business they’re building. I’m a customer – or, technically, our two boys are customers, and we’re delighted with the service. I’m especially pleased with their ‘money missions’ functionality which helps teach basic financial literacy in return for an amount that you set.

I always know when our eldest, Archie, wants to buy a new X-box game, because all of a sudden he’ll be completing dozens of money missions in a bid to top up his account!

Good luck all at GoHenry!

Now a new wave of startups and services has been getting a jump on that model with an even earlier target: under-18s, including kids as young as 6, and in the latest development, U.K. fintech GoHenry is announcing $55 million in funding to double down on the opportunity.

Source: GoHenry, the fintech for under-18s, raises $55M after passing 2M users