FUTR Corporation announced a significant operational milestone, surpassing 1,000,000 transactions and USD$380 million in payment transaction volume. These transactions were processed using FinWise Bank’s payment rails, demonstrating the scalability and efficiency of FinWise’s payment services. FUTR has leveraged FinWise Bank’s payment services, including multiple cost-efficient payment rails, since March 2024.
The partnership also involves FUTR maintaining monthly deposits at FinWise as part of the overall relationship, contributing to FinWise's deposit base. FUTR anticipates significant growth in transaction volume, processed dollars, and deposits as it expands into new consumer markets and introduces its AI Agent App. This growth is expected to further deepen the FinWise partnership and increase payment automation.
Robert Keil, SVP and Chief Fintech Officer at FinWise Bank, stated that FinWise appreciates FUTR's recognition of its vision and the value of its payments platforms. He noted that the partnership with FUTR provides FinWise with the opportunity to generate lower-cost deposits, aligning with FinWise's strategy to diversify funding sources and enhance its fintech banking solutions.
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