Barclays PLC today announced that Barclays Bank UK PLC has entered into an agreement to acquire GoHenry, operating through GoHenry Limited from Acorns Grow Incorporated.<\/p>\n
Completion of the Transaction is expected to occur in the fourth quarter of 2026, subject to certain regulatory approvals and other conditions.<\/p>\n
Barclays UK will acquire Mighty Acquisition Sub Ltd. which owns 100% of the share capital of GoHenry Limited. Mighty Acquisition Sub Ltd is currently owned by Acorns. Acorns will retain the GoHenry US business, which now operates under the Acorns Early brand, as well as Pixpay in Europe (i.e., not part of the Transaction).<\/p>\n
GoHenry\u2019s digital platform allows UK children to learn to earn, save, spend and invest through a purpose-built app, with integrated tools for parents to monitor, guide and support their children\u2019s financial choices. It enables children to spend through a prepaid debit card with parental controls, set savings goals and complete money lessons, while family members can invest in their future through Junior ISAs.<\/p>\n
Barclays intends to retain the GoHenry brand with its standalone app. The Transaction brings together a renowned youth proposition and Barclays\u2019 expertise in banking, enabling Barclays to serve customers of all ages.<\/p>\n
The Transaction is expected to reduce Barclays\u2019 CET1 ratio by approximately 5bps upon Completion (based on Barclays\u2019 CET1 ratio as at 31 March 2026). The Transaction will not affect financial guidance or targets for Barclays Group or Barclays UK for 2026 or 2028.<\/p>\n
Vim Maru, CEO of Barclays UK, commented:<\/p>\n
\u201cGoHenry has played a pioneering role in creating youth-focused financial services, building a market-leading brand for children thanks to its innovative all-in-one app. We\u2019re excited to welcome GoHenry to Barclays, where it will turbocharge our offering for households and families. GoHenry supports our vision to offer a deep and seamless banking experience to customers through all of life\u2019s big moments, whether opening a very first account, saving for retirement, and everything in between.\u201d<\/p>\n
Louise Hill, Founder of GoHenry, commented:<\/p>\n
\u201cOur mission has always been to make every kid smart with money. Joining forces with Barclays gives GoHenry a platform to accelerate that mission in the UK. It also enables us to offer GoHenry members a pathway to continue their money journey when they hit 18 \u2013 because financial education shouldn\u2019t have a start or end date. GoHenry isn\u2019t going anywhere. What changes is our ability to do more.\u201d<\/p>\n
Noah Kerner, CEO of Acorns, commented:<\/p>\n
\u201cAt Acorns, we\u2019re bringing financial wellness to the whole family. Acquiring GoHenry in 2023 accelerated that ambitious vision, establishing Acorns Early as a US leader in the kids space with over 1.4 million customers. As we double down on growing the leading financial wellness app for American families, selling the GoHenry UK business to Barclays allows GoHenry to serve many more UK kids and further its important mission.\u201d<\/p>\n
Acorns will retain the GoHenry US business, which now operates under the Acorns Early brand, as well as Pixpay in Europe.<\/p>\n
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