GoHenry

... consulting fee, whatever, and I was just raising the money.

I was chatting to Louise Hill, founder of GoHenry-

Mm

... and literally a couple of weeks ago, sat, sat where you were sat.

We

had Louise Hill from GoHenry on the show earlier talking about financial education, and her whole notion was...

That next generation, right, you have to educate them on it, you know, and it's going into schools and they've won that battle after six and a half years to make it mandatory in curriculum, right, that you have this financial education.

But you're completely right because it's easier than it's ever been to spend physically, online, you know, BNPL, all these things collectively mean that you can get very, very blasé with education.

Like

when I'm trying to explain something to Fred, like I did this morning with the iPad, because Fred had this mad idea because he has an ISAR on his GoHenry account.

How much money

has he got in there? Six.

So in fact, one of the things that we are just, uh, launching, I...

So Louise Hill, the founder of Go Henry, as you know, is my chair and a very dear friend of mine, and, um, we were talking this morning actually in our, in our weekly meeting about something that we're just going live with.

We've, is we're calling it a, a, a founder 50.

50, we're bringing together 50 entrepreneurs and business people where we're going to be creating content, and I'm talking about books for Fonetti.

Yeah.

Right? So we're going to be launching something called Big Ideas as a zone on Fonetti, and these are all stories for, um, around people that have been in business.

They might be, it might be Louise Hill's backstory for why she started Go Henry.

Yeah.

Others are maybe smaller startups or early-stage businesses where...

You know, for example, we power the junior ISA product for goHenry, which has just recently been acquired by Barclays.

Oh, yeah, yeah.

You know, so, so that, that's very low average client balance, you know, a lot of transactional activity.

So some of the companies I've mentioned would be large enough that they could go and build this themselves.

Others are maybe smaller startups or early-stage businesses where, for example, we power the junior ISA product for GoHenry, which has just recently been acquired by Boeing.

Oh,

yeah,

I think publicly they say that more than half, around about half the clients are first-time investors or people who've invested once before and had a bad experience, right? So they're deliberately trying to keep it pretty straightforward.

You know, don't give me 5,000 things to choose from, which I think is entirely rational.

I mean, actually, I think I'm right to say, I think the GoHenry Junior Ice has only got one fund in it, actually, I think.

So it's like literally...

But there's no bank accounts.

But now there's GoHenry.

Other companies are doing it so then children can have their own bank accounts.

They obviously haven't got control over their money.

And I know crypto may not be the same as start with a little bit of investing, start with...

I guess, learning how to make mistakes small and growing your appetite for the value and power of money beyond just putting it in your GoHenry account and saving it.

Yeah, because cash is a slow puncture with inflation eating away at it.

cash alone.

I think that's important.

And we're really excited to see, obviously, Louise from GoHenry has finally, after many, many years, managed to get some of this into the syllabus.

And we can't wait to see what that looks like.

And that's important.