goHenry raises “record breaking” £3.9m crowdfunding to help young people manage their pocket money
goHenry, a new digital banking solution helping kids manage their money better than their parents – raises almost £4m investment on Crowdcube.
Said to be the “largest crowdfunded deal on the platform to date”, goHenry beats the previous record holder JustPark, which raised £3.5m in 2015.
goHenry uses a Pre-paid Debit Card, coupled with parental controls, to help young people manage their money through a mobile app.
Founded by Alex Zivoder and Louise Hill, the family banking tool has over 200,000 members with more than 10k joining every month.
They plan to use the seed investment to target 25 million children receiving pocket money in Europe and the UK.
Louise Hill, co-founder and COO of goHenry said: “We’re delighted to give the parents that love our product a chance to be a part of our future success too. We are a business that was built by parents so it’s only natural that it continues to be owned, managed and grown by parents as well.
“As our economies become increasingly cashless, and as purchasing moves online, children need to be able to manage their money in a digital age.
“The many parents who use goHenry feel it’s important that they have a tool that enables them to empower their children to learn good money habits early on – to earn responsibly, to develop good saving habits and to spend safely.”