GoHenry, a FinTech designed for those under 18, has raised $55mn equity funding.
In Brief:
The funding comes from Adison Partners and Revaia which have already invested.
It also adds strategic investment from Nexi.
The business has raised a total of $125mn in funding so far.
What does this mean?
GoHenry offers cards to children as young as six to help them learn how to manage money, which they then continue to use into their teenage years. Having already expanded from the US to the UK, it says that the funding will be used to grow across continental Europe.