LONDON — American micro-investing platform Acorns acquired GoHenry, a digital banking startup focused on educating kids about money, for an undisclosed sum. Founded in 2012, GoHenry offers a spending card for children aged six to 18, linked to an accompanying money management app. However, Noah Kerner, Acorns' CEO and co-founder, insisted market conditions had no effect on the timing of the acquisition as talks between the two companies started as early as 2021. Acorns looked at more than 100 deals globally before landing on GoHenry, Kerner said, adding a $55 million cash infusion into GoHenry last year and its buyout of rival firm PixPay in France made the deal more attractive. "We pioneered kids and teens with GoHenry, and Acorns very much pioneered investing and saving and bringing mental wellness to the up and coming, to everyday America," Louise Hill, co-founder and chief operating officer of GoHenry, told CNBC in an interview.

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