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Investing Startup FutureMoney Raises $2.5M in Pre-Seed Financing

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FutureMoney, a digital platform designed to help families invest for their children and create generational wealth, today announced that it has successfully closed a $2.5M pre-seed funding round.

BOSTON, Oct. 9, 2024 /PRNewswire-PRWeb/ — FutureMoney, a digital platform designed to help families invest for their children and create generational wealth, today announced that it has successfully closed a $2.5M pre-seed funding round, with recent participation from Serac Ventures, Hustle Fund, Telegraph Hill Capital, Capacity Capital, Harvest Ventures, RTL Capital, Next Wave, Mistral, Brian Payne & Aaron Hashim, Founders of Furnished Finder, and the Pitch Fund, started by the founders of The Pitch. Additionally, FutureMoney has been selected for the gener8tor Insurance & Wealth accelerator, in partnership with Allianz Life and Securian Financial.

FutureMoney, a digital platform designed to help families invest for their children and create generational wealth, today announced that it has successfully closed a $2.5M pre-seed funding round.

“We are the first generation in history to be financially worse off than our parents, and something needs to change. As the world shifts away from traditional pensions to defined contribution plans, we have an entire generation that is not set up for financial success,” says FutureMoney CEO and founder Philip Barrar. “Our goal with FutureMoney is to reverse this trend and provide parents of all income levels with a financially inclusive product that helps them effortlessly build generational wealth.”

FutureMoney was founded in 2023 by fintech industry veterans Philip Barrar and Dave Fortin. Through the power of compounding returns and their simple, easy-to-use app, FutureMoney enables parents to quickly establish an account for their children, choose their goals and set up automatically recurring deposits, with an investment of only a few dollars a week. FutureMoney’s innovative approach is reflected in their signature offering: the Junior Roth IRA™, a proprietary, tax-advantaged account service leveraging 529 plans that can be transitioned to a Roth IRA account after 15 years. This unique offering was made possible by changes in the SECURE 2.0 Act coming into effect at the start of this year.

“We were extremely impressed by FutureMoney’s ability to build and launch a product in response to the newly implemented regulation in such a short period of time. Really love the hustle and Phil, as a successful serial entrepreneur, knows exactly what he’s doing!” says Elizabeth Yin, co-founder and general partner at the Hustle Fund.

FutureMoney has been capital-efficient in bringing its product to market thus far, and with the new funds, the company is set to strengthen its position as a market leader in the family wealth-building category, focusing on strategic user acquisition and expanding its reach to empower more families nationwide. The company plans to leverage social platforms, influencer partnerships, curated affiliates, earned media, and a double-sided incentive program to drive user acquisition. They are also introducing community marketing strategies, referral and affiliate programs and monthly webinars.

“We believe firmly in democratizing access to wealth-building opportunities,” says Darrel Frater, senior associate at Serac Ventures. “We are excited to support the team at FutureMoney as they make this vision a reality for millions of families across the country.”

For about FutureMoney, visit https://www.futuremoney.co/

ABOUT FUTUREMONEY

FutureMoney is a Boston-based micro-investing platform that helps everyday families create generational wealth and give their kids a head start on building a nest egg. Founded by two fintech industry veterans who wanted a better solution to invest for their kids, FutureMoney is on a mission to make investing more inclusive and accessible to the average family, to secure a solid financial future for the next generation and to ensure that you can keep and grow as much of your hard-earned money as possible. Their signature offering, the Junior Roth IRA™, is a unique, proprietary, tax-advantaged account service leveraging 529 plans that can be transitioned to a Roth IRA account after 15 years. Unlike a custodial Roth IRA, the Junior Roth IRA™ has no requirement for earned income or income limits. FutureMoney accounts have $500,000 of SIPC insurance and are held with Pershing | BNY Mellon, one of the largest and most trusted custodians in the country. For additional information on FutureMoney and to download the app, visit www.futuremoney.co.

Media Contact

Kathy Casciani, Azul PR + Communications, 1 2127291966, kathy@azulcommunications.com 

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SOURCE FutureMoney

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TVCMALL Leads Wholesale Innovation for Simplified Online Retail Business Success at CES 2025

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LAS VEGAS, Jan. 11, 2025 /PRNewswire/ — CES 2025, one of the largest tech events globally, concluded with over 4,000 exhibitors showcasing breakthroughs in AI, digital health, and mobility. TVCMALL, a leading one-stop B2B wholesaler, made its second consecutive appearance at the event, delivering comprehensive solutions and introducing a new brand, LEMONDA. With a focus on eco-friendly products and AI-driven accessories, TVCMALL is redefining the wholesale experience for global entrepreneurs.

Revolutionizing Wholesale with AI and Sustainability
TVCMALL is a one-stop platform offering over 1 million SKUs, including mobile accessories, smart tech, and consumer electronics. At CES 2025, the company presented a range of cutting-edge products, from biodegradable phone cases to AI-driven gadgets like Meta Quest 3 headbands, wireless chargers, power banks, and gaming accessories. As part of its innovative approach, TVCMALL launched LEMONDA, a lifestyle brand focused on sustainability. Featuring lightweight, corrosion-resistant resin smartwatch straps and eco-friendly packaging, LEMONDA aligns with the growing demand for green solutions in tech, further cementing TVCMALL’s commitment to a sustainable future.

Comprehensive Solutions for Retailers
TVCMALL simplifies sourcing with an extensive catalog and AI-powered ordering systems, allowing businesses to streamline purchasing and make data-driven decisions. With no minimum order quantity (MOQ) on most products and a flexible dropshipping service, TVCMALL supports businesses with customized solutions tailored to their needs. Whether through personalized packaging or exclusive designs, TVCMALL helps entrepreneurs enhance their brand visibility and stay competitive. The platform also integrates with Amazon and custom APIs for a seamless experience.

Commitment to Quality and Global Growth
TVCMALL is dedicated to helping entrepreneurs succeed in both established and emerging markets. By offering competitive prices, fast delivery, and in-depth market insights, TVCMALL empowers businesses to expand into regions like Europe, Southeast Asia, and Brazil. The company works with trusted partners like Dux Ducis, CaseMe, and Nillkin, ensuring the reliability and quality of its offerings. Additionally, TVCMALL provides value-added services like product photography, factory inspections, and certifications (CE, RoHS), assisting clients with smooth market entry.

“At TVCMALL, our vision is to build a more generous and thriving world,” said Leo Chen, Founder and Chairman of TVCMALL. “CES 2025 is not just an exhibition for us; it’s an opportunity to collaborate, innovate, and inspire a new era of retail and technology.”

For more information, please visit www.tvcmall.com or contact sales@tvcmall.com.

Photo – https://mma.prnewswire.com/media/2593486/TVCMALL_booth_layout_at_CES_2025.jpg

View original content:https://www.prnewswire.co.uk/news-releases/tvcmall-leads-wholesale-innovation-for-simplified-online-retail-business-success-at-ces-2025-302345615.html

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The green power trading electricity volume in Turfan has surged significantly in 2024

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TURFAN, China, Jan. 11, 2025 /PRNewswire/ — On January 9, 2024, data released by Xinjiang Power Trading Centre Co., Ltd. indicated that the green power trading electricity volume in the Turfan region reached 0.97 billion kWh, representing a remarkable year-on-year increase of up to 14 times. This substantial growth underscores the region’s successful transition towards green energy.

State Grid Turfan Power Supply Company has taken proactive measures to expedite the development of the green power market. The company has facilitated the government’s introduction of a renewable energy consumption action plan, specifying new energy consumption ratios for key energy-consuming entities and establishing a market mechanism with a high proportion of new energy. These efforts have effectively promoted the “new energy participation in all trading varieties of the 24-hour curve” trading model and ensured continuous market opening on working days, thereby better accommodating the fluctuating characteristics of new energy output.

Furthermore, State Grid Turfan Power Supply Company established a green power certificate service station in Gaochang District, providing customers with convenient green power trading services and fostering a green consumption atmosphere throughout society. During the Autonomous Region Tourism Development Conference and the Turfan Grape Festival, the company achieved 100% green power supply and assisted three export-oriented enterprises in achieving low-carbon transformation, thereby enhancing the international influence of their brands.

Looking ahead, State Grid Turfan Power Supply Company will continue to implement measures to expand its “Power Supply + Energy Efficiency Bill” service, guiding society towards more efficient, economical, and environmentally friendly electricity usage, and contributing to the clean and low-carbon transformation of local energy resources.

View original content:https://www.prnewswire.com/apac/news-releases/the-green-power-trading-electricity-volume-in-turfan-has-surged-significantly-in-2024-302348525.html

SOURCE State Grid Turfan Power Supply Company

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Equipboard Unveils Sleek Redesign to Enhance Music Gear Discovery for Musicians Worldwide

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Redesign Introduces Modern Features, Streamlined Navigation, and Richer Content to Inspire and Support Music Makers Globally

AUSTIN, Texas, Jan. 11, 2025 /PRNewswire-PRWeb/ — Equipboard, the leading online community for musicians and gear enthusiasts, announces the launch of its newly redesigned website. With a modern look, streamlined navigation, and powerful new features, the redesign sets a new standard for connecting artists, producers, and hobbyists with the tools they need to create music.

Since its inception in 2013, Equipboard has grown into the world’s largest database of music gear used by professionals and amateurs alike. The redesign reflects the platform’s commitment to fostering creativity, offering transparent information, and making gear discovery and purchasing easier and more enjoyable for its global user base.

What’s New?

Equipboard’s redesign is more than just a fresh coat of paint. It introduces a host of improvements aimed at elevating the way users explore, share, and connect over their favorite gear:

    Modernized Design: A sleek, responsive layout ensures a seamless experience across all devices, with improved readability and accessibility.    Enhanced Navigation: Faster, more intuitive browsing helps users discover gear, artists, and inspiration effortlessly. Whether searching for a guitarist’s pedalboard or a producer’s go-to synth, the information is now at their fingertips.    Richer Content: Equipboard now features in-depth guides, expert-curated collections, and a revamped artist gear section to inspire and inform users at all levels of their musical journey.    Personalized Experience: Registered users can now enjoy a more tailored interface, saving their favorite gear and creating wishlists for their next creative adventure.    Price Comparisons Across Leading Retailers: Equipboard helps musicians make informed decisions by comparing prices on music gear from top retailers, ensuring they get the best value for their investment.    Community-Focused Features: New tools make it easier for users to contribute to Equipboard’s ever-growing database, ensuring the platform remains the most trusted source for music gear information.

“Equipboard has always been about empowering musicians by connecting them with the tools and insights they need,” said Michael Pierce, Co-Founder. “This redesign reflects our commitment to innovation and community, creating an experience that’s as inspiring as the gear our users discover. From in-depth artist insights to real-time price comparisons, we’re excited to see how these improvements help musicians worldwide make better gear choices and create amazing music.”

About Equipboard

Equipboard is the ultimate online resource for musicians and gear enthusiasts. With a mission to provide transparent, community-driven information about the gear used by artists and professionals, Equipboard has become a trusted destination for millions of music creators. The platform also simplifies the buying process with its innovative price comparison tool, helping users find the best deals from leading retailers. From electric guitars to studio monitors, Equipboard’s extensive database helps users make informed decisions about their music-making journey.

The redesigned Equipboard is now live at https://equipboard.com, offering a fresh look and enhanced tools to support music creators in exploring the gear behind their favorite artists’ sound.

Media Contact

Michael Pierce, Equipboard, 888-888-8888, contact@equipboard.com, https://equipboard.com/

View original content to download multimedia:https://www.prweb.com/releases/equipboard-unveils-sleek-redesign-to-enhance-music-gear-discovery-for-musicians-worldwide-302348502.html

SOURCE Equipboard

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