FT Partners Advises Acorns on its Landmark Acquisition of GoHenry
Steve McLaughlin
Founder / CEO / Managing Partner at Financial Technology Partners / FT Partners / FinTech Partners
FT Partners is pleased to announce our role as exclusive strategic and financial advisor to Acorns on its acquisition of GoHenry, a UK-based leader in money management and financial education for 6-18 year olds. Founded in 2012, Acorns is a leader in US consumer finance, helping over 4.5 million everyday Americans save and invest for the long term. To date, customers have invested over $16 billion with Acorns, much of it in spare change, while GoHenry's customers saved $130 million in the last five years alone.
Please see our detailed profile for additional information on this transaction.?
This landmark, cross-border transaction brings together two leading consumer-focused FinTech money management providers, forming a global leader. Together, Acorns and GoHenry will serve close to six million subscribers across the U.S. and Europe. This transaction also represents one of the largest ever private-to-private consumer FinTech M&A transactions. Acorns has raised over $500 million in financing to-date, while GoHenry has raised over $100 million since its founding in 2012.
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Despite the challenging market conditions, FT Partners continues to generate great outcomes for our clients. Our distinctive combination of extensive industry and advisory expertise, entrepreneurial mindset, expansive global relationships, and unique corporate structure enables us to provide the best advice that ultimately drives long-term value for all stakeholders.
Selected recent FT Partners-advised transactions include:
- Revolut's $1.25 billion Financing at a $33 billion Valuation
- Mollie's $800 million Financing at a $6.5 billion Valuation
- Taulia’s ~$800 million Sale to SAP
- Payrix’s ~$800 million Sale to FIS
- Cross River’s $620 million Series D Financing
- Velocity Global’s $400 million Series B Financing
- SpotOn’s $300 million Financing at a $3.6 billion Valuation
- Neon's $300 million Series D Financing
- Lendable’s ~$275 million Financing at a ~$4.5 billion Valuation
- Avant’s $250 million Financing
- Newfront’s $200 million Financing at a $2.2 billion Valuation
- Accelerant's $193 million Financing
- Blackstone’s $184 million Investment in Currencies Direct
- Capital on Tap’s ~$110 million Financing
- MFS Africa’s $100 million Financing