San Antonio, TX

FloatMe

Invested 2021

FloatMe offers its members interest-free, short-term “Floats” up to $50, along with overdraft protection and other financial literacy tools. For a small monthly fee, customers can link their bank accounts to the app to track spending and contribute to savings. Floats are low-dollar amounts by design, to prevent over-borrowing, which creates a vicious cycle in which compounding interest and aggressive repayment schedules require a borrower to take the same loan repeatedly. 

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