About
Futora aims to enable financial institutions, retail banks in particular, to provide clients from all market segments with a vast selection of tailor-made, on-the-fly financial products with notional amounts as low as 5,000 USD. With its fully digitized solution, a buy-side organization can issue its own products as deposits, notes, savings plans, or other financial instrument wrappers, while automatically hedging the exposure with third-party investment banks. In order to fulfill this vision, Futora utilizes its award-winning AI-based technology, which manages the full lifecycle of the financial product, from pre-trade ideation to maturity, along with automatic connectivity to the investment banks.
Funding history · 4 rounds · $6.0M total
Company Intelligence Q&A
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- When was Futora founded and what was its initial name?
- Futora was founded in January 2020 and was initially known as Modelity Marketplace, later changing to Futura Marketplace before settling on Futora.
- What is Futora's primary business focus?
- Futora's primary business focus is enabling financial institutions, particularly retail banks, to offer tailor-made, on-the-fly financial products to clients across all market segments, utilizing an AI-based technology for full product lifecycle management.
- How much total funding has Futora raised to date?
- Futora has raised a total of $6,000,000 in funding across multiple rounds, according to startupim data.
- When did Futora complete its Series A funding round and who were the lead investors?
- Futora completed its Series A funding round in October 2021, with TAU Ventures as a lead investor, alongside North First Ventures, J-Ventures, and Sergio Fogel.
- Which investor participated in Futora's Seed round?
- TAU Ventures participated in Futora's Seed funding round in May 2020.
- Which investor participated in Futora's Undisclosed round in May 2021?
- The Chartered Group participated in Futora's Undisclosed funding round in May 2021.
- What was Futora's most recent funding activity?
- Futora's most recent funding activity was an Undisclosed round in September 2022, with SureTech Investments participating.
- Where are Futora's main offices located?
- Futora's headquarters are in Tel Aviv-Yafo, Israel, with additional offices in Kesariani, Greece; London, UK; and São Paulo, Brazil.
- What is Futora's employee count?
- Futora has 28 employees, falling within the 11-50 employee bucket.
- What significant partnership did Futora announce in July 2024?
- In July 2024, Futora announced a corporate partnership with the UK Structured Products Association.