Is San Antonio FloatMe a Safer Alternative to Payday Loans?
FloatMe, a San Antonio tech startup that gives workers cash advances on their next paycheck, said it has increased $16.2 million from investors during its last fundraising.
Overall, the startup has raised $49.1 million in funding since June 2019, including $25 million in debt funding, according to Crunchbase, which tracks investments in tech companies. FloatMe’s new investors include Iowa-based Active Capital and ManchesterStory.
- New research from Aite-Novarica group: pay-on-demand eliminates payday loans and overdraft fees for millions of American workers
- Manchester council vows to crack down on ‘scourge’ of city payday lending companies
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- During the quarantine, the number of long-term online direct lenders has increased