[Funding news] MA-based FutureMoney Secures $2.5 Million in Pre-Seed Funding

FutureMoney, a provider of a digital platform designed to help families invest for their children and create generational wealth, secures $2.5 million in pre-seed funding.

Supporters included Furnished Finder founders Brian Payne and Aaron Hashim, Mistral, RTL Capital, Hustle Fund, Telegraph Hill Capital, Capacity Capital, Harvest Ventures, Serac Ventures, Next Wave, and the Pitch Fund, which was founded by The Pitch founders.

In order to increase user acquisition, the company plans to use the funding to take advantage of social media platforms, influencer relationships, carefully chosen affiliates, earned media, and a reciprocal reward scheme.

Read More – [Funding news] CA-based Kiva AI Secures $7Million in Seed Funding

FutureMoney is a provider of a micro-investing platform that assists regular families in building generational wealth. It was founded in 2023 by fintech industry veterans Philip Barrar and Dave Fortin, with the goals of making investing more inclusive and accessible to the average family, ensuring a stable financial future for the next generation, and enabling you to keep and grow as much of your hard-earned money as possible.

Their flagship product, the Junior Roth IRATM, is a tax-advantaged account service that uses 529 plans and is proprietary. After 15 years, it can be converted to a Roth IRA account.

About FutureMoney

FutureMoney assists parents in accumulating wealth for future generations.
Their goal is to provide parents the tools they need to manage their money and provide a brighter future for the people they care about. They built a platform to make it simpler for every family to begin investing right now because of this.