Future Fund, a Polish-based fintech start-up, at the moment introduced the conclusion of its non-public sale spherical. Buyers who joined the mission throughout this spherical offered $3.8 million for its growth.
The crew of Future Fund is constructing a blockchain-based micro-investment platform fueled by cashback rewards – credit score or debit card bonuses that refund cardholders small percentages of the quantities spent on purchases. They vary from a couple of to even a dozen p.c of the acquisition worth.
Funds gathered by prospects by way of cashback rewards will probably be collected in particular person accounts on the Future Fund platform after which invested by a specialised funding fund. The funding fund is positioned in Switzerland, a rustic with trendy rules for fintech corporations utilizing blockchain expertise.
“Future Fund, the mission we’re constructing, is a revolutionary endeavor the place blockchain and a neighborhood of enthusiastic shoppers are going to alter how cashback works – i.e. the quantities that sellers return to prospects for purchasing at numerous shops, each on-line and offline. They appear small solely at first look. Pooling all of them collectively over the course of a 12 months, the result’s an quantity that may generate a stream of extra, noticeable revenue over time and – in the long term – change into a private retirement “fund.” At this time, it’s principally advertising and marketing and tech platforms that profit from cashback rewards. We’re going to make this cash work for Future Fund’s neighborhood.”
– Grzegorz Grzegorski, Co-Founder & CMO of Future Fund
MVP and Extra Rounds
At the moment, the crew is concentrated on growing an MVP app, constructing its neighborhood, and making a community of partnerships required to create a totally operational Future Fund ecosystem.
Additional funding rounds are additionally deliberate for the second half of 2022.
To take a look at extra data on Future Fund, see the Whitepaper.
© 2020, cryptozorg.com