Floatpays
OperatingFloatpays is a South African on-demand wage access platform.
- Financial Services
- Cape Town, South Africa
- Non-equity Assistance
- Founded 2019
- floatpays.co.za ↗
- Total raised
- $4.1M
- disclosed
- Last round
- Non-equity Assistance
- Rounds
- 5
- since 2019
- Investors
- 12
- on record
- Employees
- 2-10
About Floatpays
Floatpays is a South African on-demand wage access platform. Floatpays aims to disrupt by sustainably contributing to the upliftment of society, moving people from their debt spiral to a savings culture and ultimately the freedom of wealth creation. Improving lives by evolving relationships with money through the empowerment of knowledge and choice. We use technology to remain relevant to our customers’ objectives in a digital, on-demand era. The most comprehensive financial wellness platform in Africa. We help your employees live financially healthy lives, reduce stress for your teams, improve happiness attendance and productivity. Through early access to earned wages, our financial literacy training platform and budget and planning tools we empower your employees by putting them in control of their finances, help them plan for expenses and get bills paid on time. we move them from debt to savings in a step by step approach.
Floatpays funding5 rounds
All 5 rounds →Floatpays has raised $4.1M across 5 disclosed rounds. The latest is a Non-equity Assistance announced 14 Feb 2024, led by Visa Accelerator.
- $125KSeedSeed, $125K, $125K raised to date
- $4MSeedSeed, $4M, $4.1M raised to date
SLA Funding Index · grey is capital raised before each round · 3 undisclosed rounds not drawn
Who has invested in Floatpays
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 14 Feb 2024 | Floatpays Non-equity Assistance | Visa Accelerator | Not disclosed |
| 21 Feb 2022 | Floatpays Seed | Naspers Foundry | Not disclosed |
| 26 Jan 2022 | Floatpays Seed | Global Founders Capital +7 | $4M |
| 07 Jul 2021 | Floatpays Seed | Y Combinator | $125K |
| 01 Feb 2021 | Floatpays Pre-seed | Kepple Africa Ventures +1 | Not disclosed |
Floatpays founders & team
- Simon WardFounder and CEO
Floatpays competitorssame sector · similar funding
- SAPayJohannesburg, South Africa
- Smart wageCape Town, South Africa
More Financial Services startups in South Africa
- TaxTim
TaxTim simplifies South African tax filing through conversational guidance, automation, and SARS integration. · South Africa
- VantagePay
VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services and Consumer Product Industries. · South Africa
- Abela
Abela is a QR enabled payments platform that allows anyone with a cellphone the ability to earn, spend and save their money. · South Africa
- Whoosh
Whoosh is a Payment gateway service provider allowing merchants to process transactions · South Africa
- Entersekt
Entersekt is a single authentication hub allowing consumers to transact securely and easily on any digital channel, from any device. · South Africa
- SwitchPay
SwitchPay is an alternative payment provider offering both merchants and consumers a new way to pay. · South Africa
Frequently asked about Floatpays
- Where is Floatpays based and when was it founded?
- Floatpays is headquartered in Cape Town, South Africa and was founded in 2019.
- Who founded Floatpays?
- Floatpays was founded by Simon Ward (Founder and CEO).
- Who is the CEO of Floatpays?
- Simon Ward is Floatpays' Founder and CEO.
- How much funding has Floatpays raised?
- Floatpays has raised $4.1M across 5 disclosed rounds. Its latest, a Non-equity Assistance, was announced on Feb 14, 2024.
- Who has invested in Floatpays?
- Backers include Visa Accelerator, Naspers Foundry, Global Founders Capital, Base Capital and 8 others.
- What sector is Floatpays in?
- Floatpays operates in Financial Services, Human Resources and Finance.
