GoHenry, which provides pre-paid debit cards for those ages six to 18, has raised $40mn.
In Brief:
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The funding was led by Edison Partners.
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It included Gaia Capital Partners, Citi Ventures and Muse Capital.
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GoHenry so far has 1.2mn members.
What does this mean?
Financial education is an increasingly hot topic so platforms that allow parents to teach their children about money and develop their financial independence are growing in popularity. GoHenry raised its first funding through crowdfunding which included many of its own customers.
