FloatMe - About the company
FloatMe is a series A company based in San Antonio (United States), founded in 2018 by Joshua Sanchez, Christopher Brown, Caleb Scott and Ryan Cleary. It operates as an Online platform for cash advance loans. FloatMe has raised $20.2M in funding from investors like ManchesterStory Group, Comeback Capital and Foundry. The company has 174 active competitors, including 26 funded and 10 that have exited. Its top competitors include companies like Brigit, Earnin and Empower.
Company Details
Online platform for cash advance loans. It is a direct lender offering cash advance loans to individuals with customized terms, amounts, and repayment options. It uses open banking technology enabling users to connect multiple bank accounts for obtaining expenditure insights.
- Website
- floatme.com
- Email ID
- *****@floatme.io
- Registered Address
- 110 E Houston St. 7th Floor, San Antonio, TX 78205.
Key Metrics
Founded Year
2018
Location
San Antonio, United States
Stage
Series A
Total Funding
$20.2M in 6 rounds
Latest Funding Round
Investors
Ranked
5th among 174 active competitors
Employee Count
42 as on Mar 31, 2026
Legal entities associated with FloatMe
FloatMe is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FLOATME CORP. CIN: 82-5446368 , United States, Active | Feb 26, 2018 | - | 39 (As on Dec 31, 2021) | - |
FLOATME CORP CIN: 6817985 , United States, Active | Mar 26, 2018 | - | 40 (As on Dec 31, 2024) | - |
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FloatMe's funding and investors
FloatMe has raised a total funding of $20.2M over 6 rounds. Its first funding round was on May 15, 2019. Its latest funding round was a Series A round on Jan 31, 2022 for $*****. 7 investors participated in its latest round. FloatMe has 14 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of FloatMe:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 31, 2022 | 9714600 | Series A | 5328251 | 5704656 | 4162379 | 3364562 |
May 06, 2021 | 4381969 | Conventional Debt | 9126720 | 1230290 | 6967559 | |
Oct 27, 2020 | 3412502 | Seed | 5531037 | 4225536 |
View details of FloatMe's funding rounds and investors
FloatMe's founders and board of directors
Founder? Claim ProfileThe founders of FloatMe are Joshua Sanchez, Christopher Brown, Caleb Scott and Ryan Cleary. Joshua Sanchez is the CEO of FloatMe.
Here are the details of FloatMe's key team members:
- Joshua Sanchez: Co-Founder & CEO of FloatMe and founder of 1 other company.
- Christopher Brown: Co-Founder & CTO of FloatMe and founder of 1 other company.
- Caleb Scott: Co-Founder of FloatMe and founder of 2 other companies, Fabra and Acceleration.
- Ryan Cleary: Co-Founder of FloatMe.
View details of FloatMe's Founder profiles and Board Members
FloatMe's employee count trend
FloatMe has 42 employees as of Mar 26. Here is FloatMe's employee count trend over the years:
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FloatMe's Competitors and alternates
Top competitors of FloatMe include Brigit, Earnin and Empower. Here is the list of Top 10 competitors of FloatMe, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Brigit 2017, New York City (United States), Acquired | Mobile application offereing loans | $38M | 72/100 | |
2nd | Earnin 2012, Palo Alto (United States), Series C | Provider of a platform for accessing earned wages and financial tools | $190M | 72/100 | |
3rd | Empower 2016, San Francisco (United States), Series B | Financial technology empowering potential with cash advances, credit lines, and credit cards | $174M | 67/100 | |
4th | Wonga 2007, London (United Kingdom), Acquired | Provider of short-term and installment loans via an online platform | $158M | 64/100 | |
5th | FloatMe 2018, San Antonio (United States), Series A | Online platform for cash advance loans | $20.2M | 60/100 | |
6th | Platform designed for auditors to verify assests | $31.3M | 56/100 | ||
7th | Yavrio 2022, London (United Kingdom), Seed | Provider of open banking solutions for ERP systems | $3.81M | 55/100 | |
8th | Vola Finance 2017, Newark (United States), Series A | Developer of an online lending platform | $3.5M | 55/100 | |
9th | Provider of banking, payment, investment, insurance, and lending technology solutions | $5.46M | 55/100 | ||
10th | Provider of a technology platform for financial product distribution | $3.54M | 55/100 |
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FloatMe's Investments and acquisitions
FloatMe has made no investments or acquisitions yet.
Reports related to FloatMe
Here is the latest report on FloatMe's sector:
News related to FloatMe
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Alexandria Real Estate Equities, Inc. Announces Pricing Of Upsized Public Offering Of 7,000,000 Shares Of Common StockPR Newswire•Jan 05, 2022•Alexandria, FloatMe, BofA Securities, Citi and 17 others
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