Barclays to acquire GoHenry, a money management platform for 6-18 year olds

Barclays PLC (“Barclays”)¹ announces that Barclays Bank UK PLC (“Barclays UK”) has entered into an agreement to acquire GoHenry, operating through GoHenry Limited ² (“GoHenry”) (the “Transaction”) from Acorns Grow Incorporated (“Acorns”). Completion of the Transaction (“Completion”) is expected to occur in Q4 2026, subject to certain regulatory approvals and other conditions.

GoHenry’s 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’s 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.

GoHenry is one of the most recognised brands for youth banking in the UK youth banking segment with an NPS of +58 ³ and, since launching in 2012, has helped over 2 million ⁴ young people to build money skills. Supported by a team of circa 200 ³ and a cloud-based technology platform, GoHenry currently serves more than half a million ³ UK children.

The Transaction accelerates Barclays’ strategy to deepen customer relationships, including with mass affluent households, through purpose-built capabilities. Barclays intends to retain the GoHenry brand with its standalone app. The Transaction brings together a renowned youth proposition and Barclays’ expertise in banking, enabling Barclays to serve customers of all ages.

The Transaction is expected to reduce Barclays’ CET1 ratio by approximately 5bps upon Completion (based on Barclays’ 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.

Barclays and Acorns are also exploring other ways to collaborate to better serve our customers.

Vim Maru, CEO of Barclays UK, commented:

“GoHenry 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’re 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’s big moments, whether opening a very first account, saving for retirement, and everything in between.”

Louise Hill, Founder of GoHenry, commented:

“Our 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 - because financial education shouldn’t have a start or end date. GoHenry isn’t going anywhere. What changes is our ability to do more.”

Noah Kerner, CEO of Acorns, commented:

“At Acorns, we’re 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.”

Acorns will retain the GoHenry US business, which now operates under the Acorns Early brand, as well as Pixpay in Europe.

ENDS

Notes to editors

¹ The terms Barclays and Group refer to Barclays PLC together with its subsidiaries.

² 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).

³ As of March 2026.

⁴ Based on all-time active UK child members since October 2012.

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About Barclays:

Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.

For further information about Barclays, please visit our website home.barclays

About GoHenry:

GoHenry is the money app giving 6-18-year olds a head start in life as they learn to earn, save, spend and invest - all with parental oversight. Having pioneered a new category in financial education when it launched in 2012, over 2 million kids have now learnt money skills with GoHenry.

With the ultimate goal to make every kid smart with money, GoHenry believes the best way to learn is to get hands-on experience with money. Its parent and child apps help kids to Learn (via in-app, bite-sized money lessons, Money Missions); Earn (via regular chores, one-off tasks and giftlinks); Spend (responsibly via its prepaid debit card and real-time notifications); Save (via savings goals and interest on savings); Give (via regular micro-donations to the NSPCC); and Invest (via parents investing in a GoHenry Junior ISA).

As a mission-led business, GoHenry was instrumental in the successful campaign to make financial education compulsory in all schools in England from primary age, a landmark change set for implementation in September 2028. Follow GoHenry’s journey on LinkedIn, Instagram, and TikTok (@gohenry).

About Acorns:

Acorns is the financial wellness company helping everyday Americans grow their money for the long term. Since 2014, Acorns has grown into a global company with multiple life stage products serving the needs of kids, teens, adults and parents. Named one of America’s Best Financial Services of 2026 by TIME, Acorns has served over 14 million people, and helped customers save & invest over $30 billion dollars, much of it from spare change and small amounts.

Forward-looking statements

This document contains forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and Section 27A of the US Securities Act of 1933, as amended, with respect to the Group (“Barclays”). Barclays cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as ‘may’, ‘will’, ‘seek’, ‘continue’, ‘aim’, ‘anticipate’, ‘target’, ‘projected’, ‘expect’, ‘estimate’, ‘intend’, ‘plan’, ‘goal’, ‘believe’, ‘achieve’ or other words of similar meaning. Forward-looking statements are based on the current beliefs and expectations of Barclays’ directors, officers and employees and are subject to significant risks and uncertainties. Actual outcomes may differ materially from those expressed in the forward-looking statements. In setting its targets and outlook for the period 2026-2028, Barclays has made certain assumptions about the macroeconomic environment, including, without limitations, inflation, interest rates, the different markets and competitive conditions in which Barclays operates, and its ability to grow certain businesses and achieve costs savings and other structural actions. Factors that could impact Barclays’ future financial condition and performance are identified in Barclays PLC’s filings with the US Securities and Exchange Commission (“SEC”) (including, without limitation, Barclays PLC’s Annual Report on Form 20-F for the financial year ended 31 December 2025) which are available on the SEC’s website at www.sec.gov.

Subject to Barclays’ obligations under the applicable laws and regulations of any relevant jurisdiction, (including, without limitation, the UK and the US), in relation to disclosure and ongoing information, we undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.