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.