June 2016

Fintech for kids: goHenry breaks Crowdcube records

close up detail of hand droping coin in piggy bank money box

goHenry, arguably the first fintech-for-kids startup, has completed a £3.9m equity fundraising via Crowdcube – “the largest crowdfunded deal on the platform to date”.

Over 2,300 investors participated in the round, investing in exchange for just under 16% equity. The UK startup – founded by Alex Zivoder, and Louise Hill – aims to instruct kids on managing money with pre-paid debit cards and app.

“As our economies become increasingly cashless, and as purchasing moves online, children need to be able to manage their money in a digital age”, says goHenry co-founder Louise Hill. “The many parents who use goHenry feel it’s important that they have a tool that enables them to empower their children to learn good money habits early on – to earn responsibly, to develop good saving habits and to spend safely.”

Darren Westlake, co-founder and CEO of Crowdcube, enthused about the investment:

“GoHenry is the latest in a wave of innovative fintech (financial technology) firms that are disrupting parts of the financial services sector. There is no doubt that crowdfunding is no longer alternative, with more established and growth-stage businesses turning to us to raise larger sums, often as part of Series B fundraises.”

Google Ventures-backed Lost My Name secures further €4m

iStock_000040126052_SmallLost My Name, the personalised children’s storytelling startup, has secured a further £4m equity investment from Project A – the Berlin-based VC firm. Other investors include Greycroft Partners, and Allen & Co. In June last year, the company secured $9m in a round led by Google Ventures.

“We intend to support Lost My Name in building a solid infrastructure in terms of CRM, Performance Marketing and Business Intelligence to enable growth on an international scale”, says Project A founding partner Florian Heinemann.

“We believe that with the current team line-up, the competencies within the company and the investor base, Lost My Name is well on track to become one of the relevant global players in personalised children’s content.”

Asi Sharabi, CEO and co-founder of Lost My Name enthused: “As a full-stack pubWe believe that with the current team line-up, the competencies within the company and the investor base, Lost My Name is well on track to become one of the relevant global players in personalized children’s contentlisher, we aim to create the best personalised experiences as we keep blending storytelling, print and engineering in ways that have never been done before”.

Amazon and Real Business partner to sponsor Growing Business Awards

businessman in a suit in the spotlight flying happily holding the right hand up, positive trend at the back, dark background, concept of success and growth

The 18th Growing Business Awards is now open to entrants, and Amazon is the new lead sponsor. The awards, inaugurated back in 1999 by Real Business, celebrates ‘outstanding achievements in the UK entrepreneurial and SME space’.

This year’s iteration of the awards will be known as the Amazon Growing Business Awards. With a nomination process running until 23 September, prizes will be awarded across 15 categories on 30 November. Categories include: Frachisee of the Year, Triumph over Adversity Award, Entrepreneur of the Year, and Digital Business of the Year.

“There could not be a better time to recognise the progress of British SMEs through the Amazon Growing Business Awards”, said Doug Gurr, Amazon UK’s country manager.

“At Amazon, we are committed to championing growing businesses across the UK. Whether it’s helping sell online and export their products abroad on Amazon Marketplace, providing growing businesses with easy access to innovative cloud computing through Amazon Web Services, enabling budding authors to self-publish through Kindle Direct Publishing, or offering businesses an online payment solution through Amazon Payments, we are always looking for ways to help growing businesses achieve their potential.”