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65535%
Raised
£466,482
Investors
807
Target
£2
Equity
1.28%
Pre-money valuation
£36,013,940

Founded by parents to help young people be better at managing their money, goHenry has created the first fully digital solution designed for children and teenagers aged 8-18. Since their last raise, they have grown to over 200,000 activated child accounts and now plan to expand to the USA.

  • goHenry are planning to raise £2m to expand to the USA
  • This pitch is for investors to exercise their pre-emption rights
  • As a pre-emption round, the minimum investment is £2
  • The information below has not been verified by Crowdcube
Information This is a private pre-emption pitch open to the company's existing investors only. It is therefore not necessary for Crowdcube to approve this pitch as a financial promotion. As Crowdcube has not carried out any due diligence on this pitch, the Due Diligence Charter does not apply. Investors should carry out their own due diligence and take professional advice where necessary.

Idea

Founded by parents to help make the next generation of young people better at managing their money than the last. goHenry created the first fully digital family banking solution designed especially for children and teenagers aged 8-18, offering a pre-paid Visa debit card and app with unique parental controls. These tools help children learn to earn, save and spend responsibly, whilst giving parents peace of mind and an easy way to pay pocket money.

Since raising investment through Crowdcube last year, we have grown to more than 200,000 activated child accounts. We are continuing to grow in the UK, and in just the 3 months to August, we saw nearly £14m spent on goHenry cards with £1m saved.

We are excited to tell you that we will launch our first international market – the US – at the end of next month. We had initially planned to launch in continental Europe, and while this option remains a very attractive one for us, further investigation revealed that the US was not as technically challenging as we had feared.

We are therefore raising £2m investment to support this expansion, to refine our offering, and to re-focus on delivering a service that is uniquely tailored to kids of all ages (we deliver the same product experience whether the user is 6 or 18 - there’s a big opportunity to better mirror the stage of life each of our users is at).

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Risk warning

Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. Please click here to read the full Risk Warning.

Crowdcube is authorised and regulated by the Financial Conduct Authority (FCA) and the Comisión Nacional del Mercado de Valores (CNMV). This page has been approved by Crowdcube. Pitches for investment are not offers to the public and investments can only be made by members of crowdcube.com on the basis of information provided in the pitches by the companies concerned. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

GoHenry has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.