GoHenry teams up with Seccl to power junior savings account

By Gloria Methri

GoHenry has partnered with custodian power and platform technology provider Seccl to power a junior individual savings account (ISA) on its app. Seccl’s API-first technology allows parents using GoHenry to instantly create a Junior ISA for their child (aged 6-15 years old).

They can contribute as little as £1 through automatic monthly contributions, opt for one-off payments, or allow friends and family to contribute to a child’s GoHenry account using gift links.

Seccl’s technology also offers parents the option to transfer funds from any other Junior ISAs or Child Trust Fund, to help them manage their children’s finances all in one.

Luke Carr, Chief Commercial Officer at GoHenry, shared, “As the market leaders in kids’ finance and financial education, we needed a partner we could rely on to ensure our Junior ISA met the high standards our customers have come to expect. Seccl went above and beyond to ensure the transition from our previous provider was as smooth as possible, which has been invaluable during a period of rapid growth and expansion for GoHenry.”

Henry selected Seccl as its new custodian, technology provider, and ISA manager to help elevate its investment proposition while simplifying investments for the child’s future.

Mary Agbesanwa, Fintech Growth Lead at Seccl, said, “Junior investment propositions are still a largely untapped market and the latest HMRC statistics show interest in these products is rapidly growing. GoHenry’s investment proposition is a great example of how firms can use Seccl’s technology to build hyper-customized investment journeys.

David Ferguson, CEO at Seccl, added, “Seccl’s and GoHenry’s alignment on the pivotal role that technology can play in building greater financial inclusion is what makes this partnership so successful – to see our technology play a role in helping to build financial success among young people is something I am enormously proud of.”