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Future Fund, a Polish-based fintech start-up, at present introduced the conclusion of its non-public sale spherical. Buyers who joined the mission throughout this spherical supplied $3.8 million for its improvement.
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 a number of to even a dozen p.c of the acquisition worth.
Funds gathered by clients via cashback rewards will likely 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 laws for fintech corporations utilizing blockchain know-how.
“Future Fund, the mission 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 buying at varied 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 – change into a private retirement “fund.” As we speak, 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
At present, the workforce is concentrated 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 data on Future Fund, see the Whitepaper.
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