Barclays to buy GoHenry kids’ debit card and money app
Key takeaways
- About 500,000 children in the UK have Go Henry accounts.
- Prefer the Guardian on Google Barclays is to buy an app designed to help children understand and manage their money, as it targets young people in affluent families.
- The high street bank has agreed to buy the UK business of GoHenry, which provides children with personalised debit cards carrying their name, from the US fintech company Acorns, which will retain GoHenry’s US branch.
Why this matters: a developing story that could shape the day's news cycle.
About 500,000 children in the UK have Go Henry accounts. Photograph: Colin Ross View image in fullscreen About 500,000 children in the UK have Go Henry accounts. Photograph: Colin Ross Barclays Barclays to buy Go Henry kids’ debit card and money app High street bank to buy UK business from US fintech company Acorns as it targets young people
Prefer the Guardian on Google Barclays is to buy an app designed to help children understand and manage their money, as it targets young people in affluent families.
The high street bank has agreed to buy the UK business of GoHenry, which provides children with personalised debit cards carrying their name, from the US fintech company Acorns, which will retain GoHenry’s US branch.