San Antonio based financial app that’s looking to serve as a more affordable and responsible alternative to payday loans raised $3.7m in Seed funding led by ManchesterStory.
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FloatMe raises $3.7m in Seed funding
“People in general are overborrowing, and when we investigated transactional patterns, we learned that they didn’t need as much as they were borrowing,” he told Crunchbase News. “Members told us they get into a bigger hole borrowing $200, so we are helping to prevent the vicious cycle by offering a cap.”
