Future Fund, a Polish-based fintech start-up, at present introduced the conclusion of its non-public sale spherical. Buyers who joined the challenge throughout this spherical supplied $3.8 million for its improvement.
The group 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 just a few to even a dozen % of the acquisition worth.
Funds gathered by clients 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 fashionable rules for fintech firms utilizing blockchain know-how.
“Future Fund, the challenge we’re constructing, is a revolutionary enterprise the place blockchain and a neighborhood of enthusiastic shoppers are going to vary how cashback works – i.e. the quantities that sellers return to clients for buying 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 earnings over time and – in the long term – grow to be a private retirement “fund.” At the moment, it’s largely 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
Presently, the group is targeted on creating an MVP app, constructing its neighborhood, and making a community of partnerships required to create a completely operational Future Fund ecosystem.
Additional funding rounds are additionally deliberate for the second half of 2022.
To take a look at extra info on Future Fund, see the Whitepaper.