Participated · Seed · Oct 2024

FutureMoney is a Boston-based digital micro-investing platform that helps families invest for their children and create generational wealth. Founded in 2023 by fintech veterans Philip Barrar and Dave Fortin, the company’s signature offering is the Junior Roth IRA™, a proprietary, tax-advantaged account service that leverages 529 plans and can transition to a Roth IRA after 15 years. Accounts are held with Pershing | BNY Mellon and carry $500,000 of SIPC insurance. The company plans to use the new funding to drive user acquisition through social platforms, influencer partnerships, curated affiliates, earned media, and a double-sided incentive program. FutureMoney was selected for the gener8tor Insurance & Wealth accelerator in partnership with Allianz Life and Securian Financial. The product aims to make investing more inclusive and accessible to the average family by providing a tax-advantaged, transitionable account tailored for minors.

Participated · Seed · Feb 2024

Parlay’s core product is a SaaS Loan Intelligence System (LIS) that complements existing Loan Origination Systems to streamline digital customer onboarding, information verification, and AI-powered decision management for SBA and small business loans. The LIS expedites eligibility verification and identifies best-fit loan products for applicants, aiming to unlock legacy bottlenecks that have limited community lenders. The company says its platform enables lenders to increase loan volume, improve operational efficiency, and maximize profitability without increasing risk. Parlay positions its technology as a way for community banks and credit unions to better compete and serve local businesses in the $1.4 trillion small business lending market. The company plans to expand product development, deepen integrations with existing systems of record, and grow its network of community lenders and mission-driven financial institutions. Stephen Schroder will join Parlay’s board as the company continues to scale and deepen partnerships with JAM FINTOP network banks. Parlay is an Alexandria, VA-based embedded fintech software company that provides a small-business loan readiness platform for community banks and credit unions. Its platform helps small businesses maximize their eligibility for loan products while increasing loan quality, throughput, and efficiency for lenders. The company partners with community banks and credit unions to extend more loans to small businesses. Parlay raised $1.3M in a Pre-Seed round. CEO Alex Mcleod said the pre-seed funding enables the company to continue fulfilling its mission of partnering with community banks and credit unions to extend more loans to small businesses.