Financial terms of the deal were not disclosed
IN BRIEF:
- GoHenry provides a pre-paid debit card and financial education app for 6 to 18 year olds
- The combined company will have nearly six million subscribers
- Last year, Acorns abandoned plans to go public via a Spac and instead raised $300m from private investors at a $1.9bn valuation
What does this mean?
Noah Kerner, CEO, Acorns, says: "GoHenry’s mission driven approach is perfectly aligned with Acorns, which we expect will help us accelerate our roadmap and deliver financial wellness to the whole family through all of life’s stages."
