Barclays to Acquire GoHenry, Youth-Oriented Money Management Platform

MT Newswires Live06-12 17:12

Barclays (BCS) has agreed to acquire the UK operations of GoHenry, a money management education platform for youths, from Acorns Grow, the British financial services giant disclosed Friday.

The acquisition is expected to finalize in Q4, subject to certain regulatory approvals and other conditions.

GoHenry's digital platform targets youths aged six through 18 years of age, and is intended to help participants learn how to earn, save, spend and invest, with parental supervision.

GoHenry currently serves more than half a million UK children, said Barclays.

Acorns Grow will retain the GoHenry US business, which now operates under the Acorns Early brand, as well as Pixpay in Europe, said Barclays.

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