FloatMe
About FloatMe
Provides a mobile app that offers cash advances, financial forecasting, and expense tracking to help users manage their finances without credit checks or late fees. By securely connecting bank accounts through Plaid, it reduces overdraft risks, prevents overborrowing, and offers personalized savings opportunities through a network of over 40 partners. Membership costs $3.99/month, with cash advances available up to $100 and instant options for a small fee.
```xml <problem> Many individuals struggle with managing their finances, leading to overdraft fees, overborrowing, and difficulty in saving money. Traditional financial services may not be accessible or affordable for everyone, particularly those without established credit or facing immediate cash needs. </problem> <solution> FloatMe is a mobile application designed to help users improve their financial well-being through cash advances, financial forecasting, and expense tracking. By securely connecting to users' bank accounts via Plaid, FloatMe provides insights into spending habits and helps users avoid overdraft fees. The app offers small cash advances to cover immediate needs, along with financial forecasting tools to predict upcoming balances based on recurring expenses and pay dates. FloatMe also provides personalized savings recommendations through partnerships, aiming to help members save and manage their money more effectively. </solution> <features> - Cash advances (Floats) ranging from $10 to $100, available to eligible members. - Instant fund delivery for a small fee, with standard delivery within 3 days at no cost. - Financial forecasting tool that calculates likely available balance based on recurring expenses and projected pay dates. - Expense tracking and insights to understand spending habits, recurring transactions, and frequent expenses. - Overdraft risk alerts to notify users of potential overdraft fees. - Personalized savings opportunities through a network of over 40 partners. - Secure bank account connection via Plaid. </features> <target_audience> FloatMe targets Americans who need assistance managing their finances, avoiding overdraft fees, and accessing small cash advances without credit checks. </target_audience> <revenue_model> FloatMe generates revenue through a $3.99 monthly membership fee, which provides access to the app's suite of financial products and services, as well as fees for instant cash advance delivery. </revenue_model> ```
What does FloatMe do?
Provides a mobile app that offers cash advances, financial forecasting, and expense tracking to help users manage their finances without credit checks or late fees. By securely connecting bank accounts through Plaid, it reduces overdraft risks, prevents overborrowing, and offers personalized savings opportunities through a network of over 40 partners. Membership costs $3.99/month, with cash advances available up to $100 and instant options for a small fee.
Where is FloatMe located?
FloatMe is based in San Antonio, United States.
When was FloatMe founded?
FloatMe was founded in 2018.
How much funding has FloatMe raised?
FloatMe has raised 44920000.
- Location
- San Antonio, United States
- Founded
- 2018
- Funding
- 44920000
- Employees
- 46 employees
- Major Investors
- Foundry Group