Tag: Comeback Capital

Fintech Startup FloatMe Closes $250,000 Pre-Seed Round
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Fintech Startup FloatMe Closes $250,000 Pre-Seed Round

Launching a financial lending services company takes considerable working capital. The San Antonio startup FloatMe is doing just that, having closed a $250,000 pre-seed funding round in December 2019 to help grow its micro-lending application. The Cleveland-based early-stage venture fund Comeback Capital led the round, with participation from San Francisco-based Right Side Capital Management, and local San Antonio investors. Co-founders Josh Sanchez and Ryan Cleary developed the FloatMe app in 2017 to enable workers to get a "float" or short-term advance on their next paycheck without paying hefty fees or interest. Payday lending is a $46 billion industry that traps users with interest fees up 510%. The FloatMe app gives employed customers an advance on their paycheck quickly and ...