Float Selected For E-commerce Accelerator, Commerce.Innovated

Los Angeles-based mobile credit startup Float, which is developing an iOS app to provide credit to consumers, has been selected as part of the commerce-focused startup accelerator Commerce.Innovated. Commerce.Innovated--which is run by Silicon Valley Bank and MasterCard--is a "virtual accelerator" aimed at helping startups in the commerce area. SVB and MasterCard said that they also added New York-based customer data API company Alloy, and Nevada-based mobile authentication platform provider LaunchKey, as well as un-named mobile company, as part of the four month program. Commerce.Innovated said this is its fourth class for the accelerator.