The San Francisco-based firm offers a flexible loan service designed for consumers who are unable to pay a bill on time. BillFloat takes responsibility for the bill in question, pays the outstanding amount on behalf of the user, helping to avoid late fees or overdraft charges, and demands payment at a later date. The funding will be used to develop its suite of consumer credit services.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.