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

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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