Float

lendingother lending

STATUS: Closed
FOUNDING YEAR: 2015
LOCATION:
Last Update: 03/07/2020

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About

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

People

FOUNDERS

Kevin Bass

Max Klein

BOARD MEMBERS AND ADVISORS

Maly Ly

Mark Schulze

Mark Dru

Sheel Mohnot

Joel Hornstein

Omar Green

Jessie Dennen

Varsha Rao

Cantwell Muckenfuss III

Madding King

Brian Dennen

NUMBER OF EMPLOYEES

1-10

INVESTORS:

500 Startups

500 Startups

500 Startups

Camp One Ventures

Camp One Ventures

Camp One Ventures

FundersClub

FundersClub

FundersClub

Jon Tab

Justin Darcy

MasterCard Start Path

MasterCard Start Path

MasterCard Start Path

Plug and Play

Plug and Play

Plug and Play

Scott Robinson

KEY EMPLOYEES:

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

Andy Burke

Momentum

FUNDED

YES

TOTAL FUNDING

$1.5 M

DATE OF LAST FUNDING

Feb 2016

SEED & PRIOR FUNDING

$1.5 M

LISTED

NO

Innovation Programs

BASICS

STATUS:

Closed

FOUNDING YEAR:

2015

LOCATION:

Views:

143 VISITORS | 284 VIEWS
LATEST FUNDING ROUND

$1.5 M

TOTAL EMPLOYEES
1-10

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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