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Future Fund, a Polish-based fintech start-up, in the present day introduced the conclusion of its non-public sale spherical. Buyers who joined the venture throughout this spherical supplied $3.8 million for its growth.
The workforce 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 p.c of the acquisition worth.
Funds gathered by clients by means of cashback rewards might 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 laws for fintech firms utilizing blockchain know-how.
“Future Fund, the venture we’re constructing, is a revolutionary endeavor the place blockchain and a neighborhood of enthusiastic customers are going to alter how cashback works – i.e. the quantities that sellers return to clients 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 – turn out to be a private retirement “fund.” Right now, it’s principally advertising 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 present, the workforce is targeted on creating 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 info on Future Fund, see the Whitepaper.
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