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Funding
GoHenry raises USD 55 million in funding for European expansion
Neobanks
Oct 13, 2022
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Neobanks
Oct 13, 2022

GoHenry raises USD 55 million in funding for European expansion

Funding

  • UK-based GoHenry, a neobank that offers prepaid cards for children aged 6–18, raised USD 55 million in funding with participation from existing investors Edison Partners and Revaia (formerly Gaia), and new investor Nexi.

  • The company’s total funding following this round stands at USD 125 million, and it aims to use the fresh capital to develop an individual savings account (ISA) and a new gamified educational experience called Money Missions, which it would leverage to expand geographically in Europe.

  • Analyst QuickTake: In June this year, GoHenry made its first acquisition of France-based Pixpay (providing similar services) marking its expansion to Europe. Pixpay operates in France and Spain with nearly 200,000 customers, and is set to launch its operations in Italy this year. 

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