AlwaysOn Names BillFloat as a Top Private Company

SAN FRANCISCO, July 26, 2011 /PRNewswire/ -- BillFloat Inc., the nation's only online payment option that lends consumers time to pay their monthly bills, today announced that business media site AlwaysOn has named the company an "AlwaysOn Global 250" top private company for 2011.

AlwaysOn selected BillFloat for the 'Consumer Internet' category for the very first time, citing its innovation, market potential, commercialization, stakeholder value, and media buzz from among thousands of international technology companies.

"Being named one of the world's top private companies is a great honor," said Sean O'Malley, Co-Founder of BillFloat. "Having been selected from thousands of worthy companies is another clear validation of our vision and the tremendous value we provide the consumer."

The AlwaysOn Global 250 represents the top emerging companies that are creating new business opportunities in today's hottest technology markets.  The companies included on The AlwaysOn Global 250 were nominated by investors, bankers, journalists and industry insiders.

"This year's AlwaysOn Global 250 are companies driven by the biggest mega-trends, including the accelerating growth of mobile users, cloud computing, SaaS offering, globalization, and the socialization of commerce and basically everything online," said Tony Perkins, founder and editor of AlwaysOn. "This year's winners clearly represent some of the highest-growth opportunities we've seen in the private company marketplace in the history of the global Silicon Valley."

BillFloat will be honored at AlwaysOn's ninth annual Innovation Summit on July 28 in Santa Clara, Calif. A full list of all the AlwaysOn Top Global 250 winners can be found on the AlwaysOn website.

About AlwaysOn

AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Innovation Summit, OnMedia, OnHollywood, Venture Summit Mid-Atlantic / IMPACT 2011, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, and GoingGreen East. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

About BillFloat, Inc.

BillFloat operates the nation's first online payment option that lends consumers time to pay their bills. It's a simple idea. BillFloat pays the consumer's bill now, and the consumers pay BillFloat back in 30 days. BillFloat is affordable and helps consumers maintain their credit rating, avoid high lending fees, service interruptions, or borrowing from friends and family. BillFloat partners include cell phone carriers, cable companies, utility providers, and insurers, who accelerate their cash flow through BillFloat's easy to implement and secure system. Consumers can pay over 3500 billers at www.billfloat.com. BillFloat was founded in 2009 by a team of experienced financial services entrepreneurs with investment and technology backing from PayPal, Venrock and First Round Capital. For more information, visit www.billfloat.com.

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SOURCE BillFloat, Inc.