The FUTR Corporation, a consumer-centric platform focused on data valuation and monetization, has announced a significant operational milestone, achieving 1,000,000 transactions and USD$380 million in payment transaction volume using FinWise Bank’s payment rails.
FUTR’s platform has processed over $3 billion in payments for nearly 300,000 users through automated cash flow and loan management systems. The partnership with FinWise Bank, which commenced in March 2024, has been instrumental in facilitating these recent transactions through multiple cost-efficient payment rails.
Beyond transaction processing, FUTR also maintains monthly deposits at FinWise, stemming from transiting payments, as part of their broader relationship. This setup allows FUTR to earn convenience fees on transactions and basis points on these transiting deposits, leveraging FinWise’s efficient and cost-effective platform.
Mindy Bruns, Chief Business Officer at FUTR, commented on the achievement, stating, “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.”
Robert Keil, SVP and Chief Fintech Officer at FinWise Bank, acknowledged the partnership’s value. “We appreciate that FUTR recognizes our vision and the value of our payments platforms,” he said. “We are pleased with the customer migration and see a lot of value in FUTR’s consumer-focused services. This partnership with FUTR also gives FinWise the opportunity to generate lower-cost deposits.”
Looking forward, FUTR anticipates substantial growth in transaction volume, processed dollars, and deposits on its banking partner platforms as it expands into new consumer markets and introduces its AI Agent App. The company also expects greater payment automation through new partnerships and a deepening of its existing relationship with FinWise.
The FUTR Corporation’s AI Agent App is designed to return money to consumers through a unique data monetization rewards system, personalized offers, and agent-driven smart payment management. This app also enables enterprises to be rewarded for contributing consented consumer data and allows brands to utilize this data for improved personalization and customer acquisition.
FinWise Bank Corp. provides banking and payment solutions to fintech brands. Its Strategic Program Lending business utilizes scalable API-driven infrastructure to power deposit, lending, and payments programs for leading fintech companies. Additionally, FinWise offers a Credit Enhanced Balance Sheet Program to help lending and card programs diversify funding and manage capital efficiency. The bank also manages other lending programs, including SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, and is expanding its business model to include Payments (MoneyRails™) and BIN Sponsorship offerings, with a focus on compliance oversight and risk management for fintech guidance.
