Tag: Chris Brown

Fintech FloatMe closes $16.2 M Series A funding
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Fintech FloatMe closes $16.2 M Series A funding

FloatMe announced Monday it has closed $16.2M in Series A funding to help fuel the fast-growing fintech startup's expansion. Led by Foundry Group, the funding round had participation from ManchesterStory, San Antonio-based Active Capital, Samsung Ventures, and notable fintech leaders including Michal Cieplinski from Pipe, Jordan Wright from Atomic, and John Henry from Loop."The commitment and focus that FloatMe has towards solving a very real problem for millions of Americans and serving their members in ways that support their immediate and longer term needs really resonated," said Seth Levine, Managing Director at Foundry Group. "Coupled with their impressive growth since launch and their thoughtful and differentiated product roadmap, we couldn't be more thrilled to have them in our ...
FloatMe Closes $25 Million Financing Partnership with KSD Capital
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FloatMe Closes $25 Million Financing Partnership with KSD Capital

Financial tech startup FloatMe closed a $25 million financing agreement with KSD Capital Thursday to help fuel the startup's growth and expand its product line. KSD Capital provides client banks with access to loan pools consisting of small business loans originated through online lending platforms such as FloatMe's micro-lending application. In December, FloatMe closed a $3.7 million seed funding round led by ManchesterStory, a leading firm focused on early-stage fintech and companies using technology to disrupt the insurance industry. San Antonio-based Active Capital, Denver-based SpringTime Ventures, and existing investors Drummond Road Capital and HTV Industries are among the 17 investors who participated in the seed round. Even before the pandemic, many Americans were living p...