FutureMoney is raising $1 million to scale to 25,000 customers and $1M ARR
Phil Bearer · The Secret to Building Wealth for Your Children · Aug 14, 2024 · at 3:08
Phil Bearer states his fundraising target and expansion goals for FutureMoney while pitching on The Pitch.
0:00 / 0:06exact quote · 6.4s
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“We're now raising a million dollars of financing to be able to onboard our first 25,000 customers and generate a million dollars of annual current revenue.”
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“67% of black families, 70% of Latino families don't invest in equities today.”
FutureMoney reports 500 customers and a 30% download-to-paid conversion rate
“We went to market in April after getting our SEC approval, and we've onboarded our first 500 customers onto the platform in the last two months. With that, we've seen a 30% conversion rate from download to monetized customer”