FutureMoney, a Boston, MA-based provider of a digital platform designed to help families invest for their children and create generational wealth, raised $2.5m in pre-seed funding.
Backers included Serac Ventures, Hustle Fund, Telegraph Hill Capital, Capacity Capital, Harvest Ventures, RTL Capital, Next Wave, Mistral, Brian Payne & Aaron Hashim, Founders of Furnished Finder, and the Pitch Fund, started by the founders of The Pitch.
The company intends to use the funds to leverage social platforms, influencer partnerships, curated affiliates, earned media, and a double-sided incentive program to drive user acquisition.
Founded in 2023 by fintech industry veterans Philip Barrar and Dave Fortin, FutureMoney is a provider of a micro-investing platform that helps everyday families create generational wealth, aiming to make investing more inclusive and accessible to the average family, to secure a solid financial future for the next generation and to ensure that you can keep and grow as much of your hard-earned money as possible. Their signature offering, the Junior Roth IRA™, is a proprietary, tax-advantaged account service leveraging 529 plans that can be transitioned to a Roth IRA account after 15 years.
The accounts have $500K of SIPC insurance and are held with Pershing | BNY Mellon.
Additionally, FutureMoney has been selected for the gener8tor Insurance & Wealth accelerator, in partnership with Allianz Life and Securian Financial.
FinSMEs
18/10/2024