Future
1 Inventa Place, Silver Spring, Maryland, 20910, United States
Overview
Future is building a payments and rewards platform for the sustainable economy that incentivizes consumers to make climate-friendly purchases. The company pays consumers to reduce their carbon footprint and offers personalized recommendations to save cash and carbon. It launched the FutureCard Visa® debit card offering 5% cashback on eco-friendly purchases, including public transit, secondhand purchases, and at more than 50,000 U.S. businesses. The app complements the card with additional rewards such as 10% cashback on renewable energy purchases. Future plans to use the newly raised funds to acquire Fan Rewards, an AI-driven rewards platform for fans of artists and influencers, and to further build its payments and rewards offering for the sustainable economy. The company is based in Silver Spring, MD, and announced $6.5M in additional funding, bringing total funding to $11M. Future, founded in the fall of 2021 and based in Silver Spring, MD, offers a rewards ecosystem that steers consumers toward lower-carbon choices. Its core product is the FutureCard Visa Card, which gives its highest rewards in the low-carbon economy and offers up to 6% cashback across transportation, food, fashion, devices, beauty, and furniture. The card carries no interest, and the company does not use members' points to plant trees or buy carbon offsets. Current partners include Back Market, Rad Power Bikes, Just Salad, Ministry of Supply, For Days, Earth Hero, Fulton, Everlasting Wardrobe, and Hilos. Future intends to use its seed funding to launch more rewarding ways to tackle climate change and to add more brands to the rewards ecosystem. The company focuses on making low-carbon products and services more accessible for families and individuals across America.
- Total raised
- $12M
- Funding rounds
- 2
- Latest round
- Equity
- Latest activity
- Dec 2023
Industries
- FinTech
Recent funding
Equity
Dec 2023
$7M
Seed
Sep 2022
$5M