Acorns expands European presence with acquisition of GoHenry fintech.

1 min read
Source: CNBC
Acorns expands European presence with acquisition of GoHenry fintech.
Photo: CNBC
TL;DR Summary

Acorns, the American micro-investing platform, has acquired GoHenry, a digital banking startup focused on educating kids about money, for an undisclosed sum. The deal will see GoHenry become a wholly owned subsidiary of Acorns, with employees and backers of GoHenry rolling over their equity. Acorns' acquisition of GoHenry signals a major growth bet for the company, which has up until now only been available in the U.S. By buying GoHenry, it will now be able to access Europe, a market that is less advanced when it comes to retail investing.

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