BillFloat announced that it has raised $21 million courtesy of Investor Growth Capital, which led the financing round along with previous investors Venrock, First Round Capital, and Baseline Ventures. New investor Bronze Investments also participated in the round.

The new funding comes as the company focuses on its More-Time-to-Pay (MTP) platform, which provides customers with real-time payment flexibility. Consumers can access MTP online, in stores, and through mobile thanks to the company’s partnership with more than 2,500 billers – from cable companies to utilities.

Founded in 2009, BillFloat has raised more than $36 million. On the agenda for 2013 according to CEO and co-founder Ryan Gilbert, are the following:

• Expand team by two-thirds, mostly through new developers
• Drive more than $400 million in loans 
• Raise up to $100 million in debt financing to fund loans

BillFloat offers loans up to $200 to its more than 700,000 registered users. See BillFloat in action at its most recent Finovate demo here.