A staggering $84 trillion is the amount of cash and assets that Generation X, millennials and Gen Z consumers are set to inherit from older generations over the next two decades. This “great wealth transfer,” as it’s been dubbed, not only signifies a significant economic...
Investment/savings app Acorns has acquired GoHenry, a U.K. money management platform for younger consumers. “All kids around the world deserve access to responsible money management tools and financial education,” Acorns CEO Noah Kerner said in a news release Monday (April 3). “GoHenry’s mission driven approach...
With more and more consumers embracing digital-first banks, the under-18 crowd presents the next generation of customers. But digital banking products for minors have not all been successful. In January, Ruuky, a Hamburg-based neobank aimed at teenagers, filed for insolvency, blaming difficult market dynamics and the...
The number of British 16-24-year-olds seeking help to manage their debt has soared. In fact, since 2016 to 2017, the number of young people in the U.K. reaching out to the Financial Ombudsman Service for help with loans, overdrafts and credit card debt has increased...
August 09, 2024
Parents can now provide their 7- to 12-year-old kids with a wearable payment device powered by Google Wallet and GoHenry by Acorns. The two organizations have partnered to provide this tool to help parents teach their kids how to manage money and spend it safely and responsibly, according to a Wednesday (Aug. 7) press release. In this collaboration, […]
April 03, 2023
Investment/savings app Acorns has acquired GoHenry, a U.K. money management platform for younger consumers. “All kids around the world deserve access to responsible money management tools and financial education,” Acorns...
November 29, 2022
Visa and GoHenry have are aiming to expand a program that has been active in the U.K. for 10 years. The payments giant and the youth-oriented prepaid card and financial...
July 11, 2022
London-based GoHenry, which provides Visa debit cards and a financial education app for children aged 6 to 18, has acquired the French company Pixpay, which operates a similar service, according...
