FutureMoney 📈

Setting the Scene

• The U.S. is facing a growing generational wealth gap, with millennials and Gen Z expected to fare worse financially than their parents.

• To make matters worse:

  • Over half of U.S. parents have little to no savings for their children, leaving families vulnerable to long-term financial insecurity.

  • There is no financial product specifically tailored to help parents easily and tax-efficiently build generational wealth for their children.

• This week’s company makes it easy for parents to regularly invest small amounts of money into a special tax-free account for their kids.

In a Sentence

FutureMoney is a groundbreaking fintech platform that empowers parents to make recurring contributions to build generational wealth for their children through its flagship product, the Junior Roth IRA™.

• Recurring Contributions: Parents can make modest, consistent deposits (starting at just $10 per week) that have the potential to grow into significant long-term investments through the power of compounding returns and tax-free growth.

• Junior Roth IRA™: A proprietary, tax-advantaged investment account designed specifically for minors, offering all the benefits of a traditional Roth IRA, such as tax-free growth, without the usual income requirements.

The Basics

• Industry: Fintech, Wealth Management

• Headquarters: Boston, MA

• Year Founded: 2023

• Investors: Flybridge, Hustle Fund, Serac Ventures, 1528 Investments, and others

• Amount Raised: $2.6M

• Business Model: Subscription fee ($48 annually) for accounts under $20K and a 0.25% AUM fee for accounts over $20K

• Early Traction: 15,605 downloads, 5,503 users, $543M in projected AUM, and 2 B2B partnerships launching in 2025

IN PARTNERSHIP WITH

• Google has built 9 products with over 1 billion users. 

• Sign up for the Google for Startups Cloud Program to receive up to $200k of credits over 2 years.

• Start building and innovating your startup with Google Cloud today.

Applicants must meet eligibility criteria*

Due Diligence

WHAT WE LIKE

• Market Opportunity: With 72.5M minors in the U.S., FutureMoney taps into an enormous and underserved customer base.

• Closing the Gap: Only 61% of Americans invest in stocks or mutual funds, and over half of parents have little to no savings for their kids, highlighting the critical need for FutureMoney's solution.

• Trademarking Advantage: FutureMoney has trademarked its flagship Junior Roth IRA™ account, creating a significant barrier for competitors who will have the opportunity to white label the platform instead.

POTENTIAL RISKS

• Regulatory Dependency: The company’s core product relies heavily on the Secure Act 2.0 legislation, and any unfavorable changes could disrupt its business model.

• Economic Uncertainty: Recessions or financial instability could reduce families’ willingness to invest in their children's futures, potentially affecting user growth and platform retention.

• Competitive Expansion: Established fintechs and traditional banks may develop similar offerings, intensifying competition in the child-focused investment space.

Founder Profile

• Phil Barrar, CEO: A fintech entrepreneur with a history of success, scaled and exited his previous company for $65M.

• Dave Fortin, CFA: Over a decade of experience in robo-advisory, self-directed trading, wealth management, and founding team member of Tactex.

  To request an introduction to the founder, respond to this email.

Comps

• Acorns Early: Backed by BlackRock, Headline, Bain Capital Ventures, Greycroft, and others.

• UNest: Backed by The Artemis Fund, ExpertDojo, Sum Ventures, and others.

• Wealthfront: Backed by UBS, Tiger Global Management, Spark Capital, Index Ventures, and others.

• Carry: Backed by Vibe VC, Accomplice, Hustle Fund, Roadrunner Ventures, and others.

Download FutureMoney 📱

• Special Offer: As a special promotion FutureMoney is offering Bulletpitch readers their first year completely free. You can download FutureMoney’s App HERE.

Work With Us In 2025

• Partner with us in 2025: Interested in sponsoring a newsletter to get in front of our audience of founders and investors? What about sponsoring our events? Let us know.

Cast Your Vote

Last Week Today

• The Results Are In: Outbound Aerospace, a company building the next generation of economical and sustainable airliners by transforming the way aircraft are manufactured and designed, was favored in last week’s poll.

• Subscriber Feedback: “This company has a bold vision for the future and a bold vision is exactly what’s needed.”