Louise Hill is the founder of GoHenry, which provides prepaid debit cards for children.
The BBC's weekly The Boss series profiles different business leaders from around the world. This week we speak to Louise Hill, founder of GoHenry, a banking business that provides debit cards for children.
The two other parents she was chatting to back in 2009 had similar stories, so the conversation really struck a chord. And inspired the beginning of a business. Mums and dads could also use the app to keep a watchful eye on their children's spending or set limits, establish regular pocket money payments, or make one-off payments if the kids had done a certain task, such as wash the car.
"I can't tell you how many pitching sessions I went to," she says."But we managed to pull together a group of high net worth angel investors who were really excited about it, and clearly shared our vision." However, some parents have used review website Trustpilot to complain that GoHenry's monthly fee is too high. Rivals such as Nimbl and Osper are cheaper at £2.49 and £2.50 per child respectively.
Helen Saxon, banking editor at MoneySavingExpert.com, says that GoHenry is popular because of its functionality, such as parents being able to receive notifications on their mobile phone when their child's card is used."[However], it does have similar competitors, most of which are a touch cheaper - Nimbl, Osper and Rooster Money - who all provide a similar service," says Ms Saxon.
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