Float

lendingother lending

STATUS: Closed
FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 19/01/2021

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About

Float is a mobile-first financial service that offers consumers instant access to a line of credit that they can use with their existing debit card.

MEDICI Analysis

Float is an alternative lending platform provides line of credit services to consumers with smart phone application. Float offers personalized credit lines which start from $50 and go up to $1,000.

Focus

PRODUCTS & SERVICES

Mobile based line of credit services for consumers. It helps consumers build resilience, pursue opportunities, and seize life’s moments.

REVENUE MODEL

It charges 5% fee on transfer funds and late fee of $15.

MAIN CLIENTS

Retail consumers

COMMENT

It’s an easy way to access credit without the fees, risks, and penalties of traditional borrowing.

Traction

VALUATION / MARKET CAP:

$830 K in 2015

COMPANY TYPE:

For Profit

People

FOUNDERS

Kevin Bass

Max Klein

BOARD MEMBERS AND ADVISORS

Sheel Mohnot

Maly Ly

Mark Schulze

Mark Dru

Joel Hornstein

Omar Green

Jessie Dennen

Varsha Rao

Cantwell Muckenfuss III

Madding King

Brian Dennen

NUMBER OF EMPLOYEES

1-10

INVESTORS:

500 Startups

Camp One Ventures

FundersClub

Jon Tab

Justin Darcy

MasterCard Start Path

Plug and Play

Scott Robinson

KEY EMPLOYEES:

Kevin Bass(President); Max Klein(CEO); Andy Burke(CTO); Ehud Peleg(CRO)

Andy Burke

Momentum

FUNDED

NO

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$1.5 M

DATE OF LAST FUNDING

Feb 2016

IPO STATUS

Private

SEED & PRIOR FUNDING

$1.5 M

SEED CLOSED ON

Feb 2016

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

243

AVERAGE VISITS (6 MONTHS)

104.97

MONTHLY VISITS GROWTH

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VISIT DURATION

4

VISIT DURATION GROWTH

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PAGE VIEWS VISIT

1.36

PAGE VIEWS VISIT GROWTH

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BOUNCE RATE

64.33%

BOUNCE RATE GROWTH

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GLOBAL TRAFFIC RANK

14,208,844

MONTHLY RANK CHANGE

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MONTHLY RANK GROWTH

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Innovation Programs

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