Future Raises $6.5 Million, Acquires Fan Rewards
Future Debit Card

Future Raises $6.5 Million, Acquires Fan Rewards

A FinTech focused on helping the environment while rewarding customers has announced two big developments: a fresh round of venture capital and an acquisition.

About the round and acquisition:

This week, the climate-centric startup Future announced it had raised $6.5 million. The Series A funding came from new and returning investors — although participants were not specified. To date, the company has now raised $11.8 million including its 2022 seed round.

With the new funds, Future has also announced the acquisition of Fan Rewards. Described as an AI-driven rewards platform for fans, the FinTech intends to use the service to further encourage consumers to make climate-friendly choices.

As a result of the transaction, Fan Rewards co-founder Mike Garon will now serve as Head of Engineering at Future while co-founder Kendall Tucker will be Head of Product.

About Future:

Future is a neobank that seeks to reward customers for their eco-friendly purchases. As part of this, its debit card offers up to 5% back on select purchases, such as public transit and secondhand stores. Additionally, that 5% back extends to purchases at more than 50,000 sustainable businesses. Similarly, accountholders can earn up to 10% back on renewable energy purchases.

Looking forward, Future says that it reimagined its roadmap to achieving a low-carbon future. The company says that, in order to reach a sustainable economy, “a built-in ability to effectively price carbon into everyday spending decisions” is needed.

What they’re saying:

Commenting on these developments, Future board member and Active Impact Investments founder/managing partner Mike Winterfield said, “Future’s innovative approach to incentivize carbon reduction is exactly the kind of disruption we need to rapidly address climate change at scale. The consumer demand for climate-friendly choices is growing and Future both quantifies the benefit of green purchases while making them accessible on any budget.”

Meanwhile, Future’s aforementioned new Head of Product Kendall Tucker said of the company, “The paradigm of paying more to ‘be green’ is over. The union between Future and Fan Rewards expands Future’s growing community to digital creators and their fans, leveraging AI to identify the most rewarding ways to go green.”

My thoughts:

Future as a company has interested me since I first heard about them a couple of years ago. At the time, I figured they’d follow a similar path to the likes of Aspiration. However, they’ve managed to surprise me in a few ways — including with this latest news. Overall, I’m excited by the possibilities of Future’s current path and look forward to seeing where the newly expanded company goes from here.


Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Other Articles by Kyle Burbank

American Express to Acquire Tock from Squarespace

American Express is expanding its dining platform with not one but two acquisitions. About the acquisitions: Today, Amex announced that it will be acquiring the restaurant reservation service Tock from Squarespace (who purchased the company in 2021). The purchase is expected to be for $400 million in cash but is subject to closing conditions, customary adjustments, and regulatory approval. Amex also notes that, as part of the deal with Squarespace,...
Gynger financing options

Technology Financing Company Gynger Raises $20 Million

A FinTech that helps tech-buying businesses finance their purchases has closed a new round of funding. About the round: This week, Gynger announced that it had raised $20 million. The Series A was led by PayPal Ventures, while Gradient Ventures, Velvet Sea Ventures, BAG Ventures, and Deciens Capital also participated. In addition to the equity round, the company secured a debt facility of $100 million from Community Investment Management. Previously,...
carry on travel bag and a Starbucks coffee

Starbucks and Marriott Bonvoy Announce Rewards Partnership

Two popular loyalty programs are joining forces to reward travelers (and keep them caffeinated). About the partnership: Starting this week, Starbucks Rewards and Marriott Bonvoy members will be able to link their accounts and earn bonus rewards. First, those with linked accounts will earn Double Stars during stays at participating Marriott Bonvoy properties. If a regular Starbucks Double Stars Day falls during one of these stays, members can earn Triple...
The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...