FUTR Surpasses 1,000,000 Transactions and USD$380 Million in Payments Volume With FinWise Bank

FUTR Corporation has surpassed 1,000,000 transactions and $380 million in payment volume using FinWise Bank's payment rails. The platform has processed over $3 billion in payments for nearly 300,000 users. FUTR expects significant growth in transaction volume and deposits on its banking partner platforms, leveraging FinWise's efficient and cost-effective platform to earn convenience fees and basis points on transiting deposits.

FUTR Corporation, a consumer-centric platform for data valuation and monetization, has announced a significant milestone in its partnership with FinWise Bank. The company has surpassed 1,000,000 transactions and achieved $380 million in payment volume using FinWise Bank’s payment rails [1].

The platform, which offers automated cash flow and loan management, has processed over $3 billion in payments for nearly 300,000 users since March 2024. This achievement is a testament to the strong trust consumers have in FUTR to deliver real savings and convenience through its AI-driven cash management platform [1].

FUTR’s Chief Business Officer, Mindy Bruns, attributed the success to the robust infrastructure provided by FinWise Bank. She stated, “This milestone demonstrates consumers’ strong trust in FUTR to deliver real savings and convenience with our automated cash management platform coupled with smart payment rails. A major part of this value is access to solid infrastructure from FinWise. We’re preparing for substantial growth in users and features in the months ahead” [1].

The partnership between FUTR and FinWise Bank has been instrumental in facilitating the migration of FUTR’s customer base and leveraging FinWise’s efficient and cost-effective platform. This collaboration allows FUTR to earn convenience fees on transactions and basis points on transiting deposits, further enhancing its financial health [1].

Looking ahead, FUTR expects significant growth in transaction volume and deposits on its banking partner platforms. With new partnerships and the deepening of the FinWise relationship, the company anticipates greater payment automation and increased consumer adoption [1].

The success of FUTR highlights the potential of innovative financial technology platforms to disrupt traditional banking services. As FUTR continues to expand into new consumer markets and introduce the AI Agent App, it is poised to capitalize on the growing demand for digital financial solutions.

References:
[1] https://www.stocktitan.net/news/FTRCF/futr-surpasses-1-000-000-transactions-and-usd-380-million-in-9ssr3k9vjqqz.html