FloatMe is a financial technology company headquartered in San Antonio, Texas. It operates a mobile application designed to provide short-term cash advances to American workers, helping them manage gaps between paychecks without resorting to high-cost alternatives.
The company's core product offers interest-free advances ranging from $10 to $100 to members, with no credit checks required. The service runs on a membership model, charging a monthly fee of $4.99 for access. Additional features include a cash flow calendar for financial forecasting, low balance alerts, and a marketplace for savings deals.
Technical work at FloatMe sits at the intersection of financial technology and mobile app development. The company reports that its members have collectively saved over $50 million in overdraft fees, with its service reaching over 1% of the U.S. population.
