The invested funds totaled USD 4.5 million and will be used to expand BillFloat’s operations and enhance its current consumer offering. BillFloat is a micro-credit service set to offer consumers ‘more time to pay’ over recurring bills such as utility, cable and satellite, wireless, auto lease, phone, housing, or insurance payments. Customers can use BillFloat to avoid late fees, overdraft charges, service termination, and high cost payday.
Users can access the service on billers’ websites, via financial services partners including pre-paid and debit card issuers, payroll services, walk-in payment centers as well as on BillFloat’s official website.
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