About FloatMe
FloatMe is a company based in San Antonio (United States) founded in 2018 by Caleb Scott, Christopher Brown, Ryan Cleary, and Joshua Sanchez.. FloatMe has raised $20.18 million across 6 funding rounds from investors including Foundry, ManchesterStory Group and Active Capital. FloatMe operates in a competitive market with competitors including Fig Loans, Youtap, Card Center Direct, Better Financial Corporation and Mr Lender, among others.
- Headquarter San Antonio, United States
- Founders Caleb Scott, Christopher Brown, Ryan Cleary, Joshua Sanchez
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Sectors
Financial Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.18 M (USD)
in 6 rounds
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Latest Funding Round
$16.2 M (USD), Series A
Jan 31, 2022
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Investors
Foundry
& 13 more
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Employee Count
Employee Count
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Funding Insights of FloatMe
FloatMe has successfully raised a total of $20.18M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $16.2 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $16.2M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - FloatMe | Valuation | Foundry | |
| May, 2021 | Amount | Debt – Conventional - FloatMe | Valuation |
investors |
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| Oct, 2020 | Amount | Seed - FloatMe | Valuation | ManchesterStory Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FloatMe
FloatMe has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Foundry, ManchesterStory Group and Active Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested in early-stage tech startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FloatMe
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FloatMe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Floatme Comparisons
Competitors of FloatMe
FloatMe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fig Loans, Youtap, Card Center Direct, Better Financial Corporation and Mr Lender, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Short-term loans of $300 to $750 are extended to individuals.
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| domain | founded_year | HQ Location |
Full-stack mobile payment solutions are provided for contactless tap-and-pay services.
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| domain | founded_year | HQ Location |
Digital platform for online banking, card management, and app-based financial services.
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| domain | founded_year | HQ Location |
Online platform for instant cash advancesand credit building
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| domain | founded_year | HQ Location |
Operates as a payday lender providing short-term loans.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Floatme
Frequently Asked Questions about FloatMe
When was FloatMe founded?
FloatMe was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is FloatMe located?
FloatMe is headquartered in San Antonio, United States. It is registered at San Antonio, Texas, United States.
Who is the current CEO of FloatMe?
Joshua Sanchez is the current CEO of FloatMe. They have also founded this company.
Is FloatMe a funded company?
FloatMe is a funded company, having raised a total of $20.18M across 6 funding rounds to date. The company's 1st funding round was a Seed of $3.7M, raised on May 15, 2019.
What does FloatMe do?
FloatMe was founded in 2018 and is based in San Antonio, United States. An online platform is operated as a direct lender in the fintech sector, where cash advance loans are provided to individuals. Customized terms, amounts, and repayment options are available. Open banking technology is utilized to connect multiple bank accounts and deliver expenditure insights.
Who are the top competitors of FloatMe?
FloatMe's top competitors include Fig Loans, Better Financial Corporation and Youtap.
Who are FloatMe's investors?
FloatMe has 14 investors. Key investors include Foundry, ManchesterStory Group, Active Capital, Jordan Wright, and Michal Cieplinski.