Barclays has agreed to acquire GoHenry, a UK platform that helps children manage money using personalised debit cards and an accompanying app. Multiple outlets report that the deal involves Barclays buying GoHenry from US fintech company Acorns, while Acorns will retain GoHenry’s US business. The acquisition is presented as part of Barclays’ strategy to attract younger customers, particularly families with children. Barclays expects to continue offering GoHenry under its existing brand through a standalone app following the takeover. The transaction is subject to regulatory approval and is expected to complete later this year or, as one report specifies, in the fourth quarter of 2026. No purchase price details are included in the provided summaries. Overall, the sources describe a shift in ownership for GoHenry’s UK operations and Barclays’ move to build longer-term customer relationships by engaging children and their families before they open adult bank accounts.
Barclays agrees to buy children’s money app GoHenry from Acorns
Barclays has agreed to acquire GoHenry, a UK platform that helps children manage money using personalised debit cards and an accompanying app. Multiple outlets report that the deal involves Barclays b...
- Barclays agrees to buy GoHenry, a UK children’s money management app and debit card service.
- The seller is Acorns, which retains GoHenry’s US business.
- GoHenry offers personalised debit cards for children and a standalone money app.
- The deal is subject to regulatory approval and is expected to complete toward the end of 2026 (with reports citing later this year/Q4 2026).
- Barclays is expected to retain the GoHenry brand with the app after the acquisition.
Barclays is buying GoHenry, the U.K. money management platform for children ages 6 to 18, in a deal that positions the bank to capture customers before they ever open their first adult account. Barclays Bank UK announced the acquisition Friday, with completion expected in the fourth quarter of 2026, subject to regulatory approval. Financial […] The post Barclays Acquires GoHenry to Build Lifetime Banking Relationships appeared first on PYMNTS.com.
2 months agoHigh street bank to buy UK business from US fintech company Acorns as it targets young peopleBusiness live – latest updatesBarclays 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. Continue reading...
2 months agoBarclays expects to retain the GoHenry brand with its standalone app following the takeover, which is expected to complete towards the end of the year.
2 months agoBarclays expects to retain the GoHenry brand with its standalone app following the takeover, which is expected to complete towards the end of the year.
2 months ago
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