Investing app Acorns acquires kid-focused fintech GoHenry to expand in Europe

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LONDON — American micro-investing platform Acorns acquired GoHenry, a digital banking startup focused on educating kids about money, for an undisclosed sum. Founded in 2012, GoHenry offers a spending card for children aged six to 18, linked to an accompanying money management app. Parents can track their kids transactions in real time and set spending limits or savings goals. The fintech sector is enduring a tough environment characterized by high inflation and rising interest rates. However, Noah Kerner, Acorns CEO and co-founder, insisted market conditions had no effect on the timing of the acquisition as talks between the two companies started as early as 2021.

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