BillFloat, Inc., a San Francisco, CA-based provider of innovative consumer credit delivery solutions, raised $21m in funding.
The round was led by Investor Growth Capital, with participation from existing investors Venrock, FirstRound Capital and Baseline Ventures and new investor Bronze Investments.
The company intends to use the capital to advance the development of its suite of consumer credit options.
Co-founded in 2009 by Ryan Gilbert, CEO and Sean O’Malley, BillFloat is developing the More-Time-to-Pay (MTP) platform, which connects lenders with retailers and service providers to provide instant financing solutions for consumers and small businesses (online, in-store and through mobile) who seek more time to pay for purchases and services.
The company has more than 700,000 registered users.
In conjunction with the funding, Brian Mulvey, vice president at Investor Growth Capital and Stephen DeBerry, managing partner of Bronze Investments, will join BillFloat’s board of directors.
The company is currently hiring (read here).