Tag: Josh Sanchez

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...
Fintech Startup FloatMe Closes $3.7M Seed Round
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Fintech Startup FloatMe Closes $3.7M Seed Round

The financial tech startup FloatMe announced Thursday it had 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. Joining FloatMe's board is ManchesterStory co-founder and managing partner Matt Kinley, who has 21 years' experience as a venture capitalist focused on early-stage through growth-stage fintech, healthcare, and technology companies. "We think the opportunities for FloatMe to help clients improve their finances are endless, and FloatMe's offering is appealing...
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 ...
After the Geekdom Pre-Accelerator, FloatMe App Secures $25K from Alamo Angels
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After the Geekdom Pre-Accelerator, FloatMe App Secures $25K from Alamo Angels

The Alamo Angels have committed to investing at least $25,000  in early-stage financing equity funding for FloatMe, Alamo Angels executive director Cat Dizon announced at the investors’ event Wednesday evening.Founder Josh Sanchez experienced firsthand paying for unexpected car expenses with a payday loan for $200 that turned into a $250 payback balance after only two weeks. Sanchez started thinking of less expensive options to access money short term and 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.The other startup to receive a $25,000 Alamo Angels investment was Checkups,  a San Antonio-based startup provides bond agencies and local municipal jurisdictions a mobile applicat...
Geekdom Pre-Accelerator Program Prepares Startups for Early-Stage Funding
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Geekdom Pre-Accelerator Program Prepares Startups for Early-Stage Funding

Six San Antonio startups are using the opportunity to learn over the past six weeks from seasoned entrepreneurs and experts what it takes to grow their company. Coworking space Geekdom has been working closely with founders participating in its 2019 Pre-Accelerator program cohort since early April.The six teams will pitch at the Geekdom Pre-Accelerator Demo Day May 22 at the Aztec Theater. Register at the event link for a free ticket.The six teams include the following startups.Drones of Prey seeks to protect people and businesses against aerial terrorist attacks from commercialized drones by conducting risk assessments and creating defense strategies. Ah!Count helps accounting firms streamline operations and increase client security through its affordable document managem...
FloatMe App Links Workers to Paycheck Sooner for Less
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FloatMe App Links Workers to Paycheck Sooner for Less

Financial emergencies can happen anytime. When they do, a surprise expense that pops up in-between paychecks can trigger late fees from not paying bills on time, to mounting bank fees from over insufficient funds and overdraft fees, to exorbitant interest on payday loans.Founder Josh Sanchez experienced this when he had unexpected car expenses once and was short that week. After getting a payday loan for $200 that turned into a $250 payback balance after only two weeks, Sanchez started thinking of less expensive options to access money short term. His idea turned into FloatMe, an app that enables workers to get a “float” or short-term advance on their next paycheck without paying hefty fees or interest.Once Sanchez paid back his payday loan, he discovered the high costs for many de...