What is FloatMe?
FloatMe is a mission-driven company dedicated to building financial products that empower individuals to enhance their financial well-being and make more informed financial decisions. The company's core offering is an app designed to help users prevent overdrafts by providing access to emergency cash and facilitating savings. This approach addresses a critical need for accessible and supportive financial management tools in today's economy.
How much funding has FloatMe raised?
FloatMe has raised a total of $19.9M across 2 funding rounds:
Unspecified
$3.7M
Series A
$16.2M
Unspecified (2020): $3.7M, investors not publicly disclosed
Series A (2022): $16.2M led by Active Capital, Foundry Group, and ManchesterStory Group
Key Investors in FloatMe
Active Capital
Active Capital is an investor in FloatMe's recent funding round. Further details on their investment focus are not provided.
Foundry Group
Foundry Group is a venture capital firm specializing in early-stage information technology, Internet, and software startups. They leverage their experience and network to help entrepreneurs build successful companies.
ManchesterStory Group
ManchesterStory Group is an early-stage venture capital firm focused on strategic capital deployment in financial services, healthcare, and insurance. They aim to foster growth and long-term partnerships within these sectors.
What's next for FloatMe?
With the recent infusion of capital, FloatMe is poised to accelerate its strategic initiatives. The enterprise-level funding suggests a focus on scaling operations, expanding its product suite, and potentially entering new markets. The company's emphasis on preventing overdrafts and building savings indicates a commitment to long-term financial health for its users, positioning it for sustained growth and impact in the competitive fintech landscape.
See full FloatMe company page
