Credit for Millennial Consumers
The inaccessibility of credit for many of the 80 million Millennials in the U.S. seriously hampers their personal and financial lives. Nearly 66% are without a credit card in their wallet, which means they are not building credit. They’re avoiding credit cards because they often lack the credit score to qualify or because they simply don’t want to bother with a product they don’t understand.
Float is changing the way Millennial consumers access credit with a fundamentally new category that is the fastest, most convenient, and most accessible credit experience on the market.
Float is a mobile app that syncs with a user’s bank account and provides a line of credit they use seamlessly with the debit card they already have in their wallet. From download to spend takes less than 180 seconds and does not require a credit score.
Founders: Kevin Bass + Max Klein
Tags: B2C, Fintech, Mobile