FUTR Corporation, a FinTech firm developing an AI-powered consumer platform focused on data monetisation and intelligent payments, has closed a $1.25m financing round.
The capital was raised through a non-brokered private placement involving the issuance of 6,250,000 units at $0.20 per unit. Each unit consists of one common share and one warrant, with each warrant exercisable at $0.2875 until 30 June 2027. The company also issued 66,500 finder’s warrants and paid a cash finder’s fee of $13,300.
FUTR’s platform aims to optimise financial outcomes for consumers by harnessing AI agents and automated cash management. The core objective is to help users monetise their personal data while leveraging intelligent payment infrastructure to retain more money in their wallets.
Proceeds from the financing will be allocated to working capital and growth initiatives. The company noted that this may include acquisitions, although specific targets were not disclosed.
The private placement received conditional approval from the TSX Venture Exchange. All securities issued under the offering are subject to a hold period expiring on 24 September 2025.
The company plans to report its financial results for the third quarter, ending 30 March 2025, later this month.
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