FutureMoney

United States - Boston, MA

• 18/10/2024
• Pre-Seed
• $2,500,000

FutureMoney makes it easy for parents to invest for their children’s future. Investing $10 weekly from birth to 18 could grow to a $1 million head start for your child when they reach retirement age, assuming 8% returns. A modest deposit today can provide you with peace of mind that your child will be financially secure regardless of what happens later in life.

We've invented the Junior Roth IRA™, a new account type that enables tax-free growth for children's futures without earned employment income. This financially inclusive product is bridging the wealth gap and designed to promote upward financial mobility.

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Disclosure: This material is for informational purposes only and does not constitute investment advice or a recommendation of any investment strategy. This material is not to be substituted for personalized investment advice. It is solely your responsibility to conduct independent due diligence and determine whether to take any investment actions or to enter into any investment advisory agreement. The contents herein reflect the opinions of the author, which are subject to change without notice. Information contained herein may be derived from third parties and therefore we cannot guarantee the accuracy or completeness of such information. Please take note that “Likes” and other similar features do not constitute testimonials or endorsements by FutureMoney, similarly engagement with FutureMoney’s content should not be seen as a testimonial or endorsement.

Related People

Philip BarrarFounder

United States - Greater Boston

Phil Barrar is on a mission to help people achieve their financial goals. As a hands-on, serial entrepreneur and founder with two successful exits under his belt, he’s always looking for innovative solutions that create value for consumers and companies alike, and is focused on building financially inclusive products for people around the world.

With the ingenuity and drive to make ideas become reality through research, go-to market strategies, international outsourcing and team management, his direct experience ranges from product conceptualization and business development to full in-market execution—all as a bootstrapped entrepreneur. He’s an excellent communicator with proven people skills as demonstrated in successful idea pitching, fundraising and public-speaking.

As CEO and founder of Moka (formerly Mylo), the leading Canadian investing app, Phil raised $17 million from major Canadian financial institutions, acquired an asset management firm with $250M in AUM, scored a deal on CBC’s Dragons’ Den and led the company’s international expansion to France in July 2020.

His work is frequently featured in major Canadian media, including BNN, CBC, The Financial Post, Global, and The Globe and Mail. Phil has also been recognized as a leader in the space: he made the Bay Street Bull’s 30 under 30 list for 2018 and was a finalist for EY Entrepreneur of the Year 2018 and 2019. As an active entrepreneur, he speaks regularly to the startup and financial services industry as an expert on the future of finance, and he shares his valuable knowledge and expertise through mentorship, coaching, and angel investing.

LinkedIn https://www.linkedin.com/in/philipbarrar/