Float

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...

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

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.

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Inner Circle 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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