FloatMe

FloatMe

About FloatMe

Simplify's Rating
Why FloatMe is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

11-50

Company Stage

Series A

Total Funding

$19.6M

Headquarters

San Antonio, Texas

Founded

2017

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • Embedded finance allows FloatMe to integrate services into other apps.
  • AI-driven tools can enhance FloatMe's personalized financial advice.
  • Open banking provides data for tailored financial products, improving user experience.

What critics are saying

  • Increased competition from new fintech startups may dilute FloatMe's market share.
  • Regulatory scrutiny on fintech services could impact FloatMe's operations.
  • Rising interest rates might reduce demand for FloatMe's services.

What makes FloatMe unique

  • FloatMe has saved users $80M in overdraft fees since its launch.
  • The app focuses on helping users make better financial decisions.
  • FloatMe recently raised $16.2M in Series A funding to drive growth.

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Funding

Total Funding

$19.6M

Meets

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$16.2M
FloatMe
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-8%
PR Newswire
Jan 31st, 2022
FloatMe raises $16.2M Series A and rebrands to drive exponential growth

/PRNewswire/ -- FloatMe, the fast-growing fintech app that's helped Americans save $80M in overdraft fees since launch, today announced the series A funding of...

Bizjournals
Oct 28th, 2020
Local fintech company raises nearly $3.7 million in equity financing

A local company with an app that helps people make better financial decisions just raised millions, some of which is going toward the cancellation of debt.

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