Floatpays Inc
PrivateLast Round
Seed
Feb 22, 2022
Total Funding Raised
$5.13M
Momentum Score
25 /100
Company Overview
Floatpays Inc is a South African financial technology company founded in 2019 that operates a platform focused on employee financial wellness. The company's core product is an on-demand earned wage access (EWA) service, which allows employees to withdraw a portion of their earned but unpaid salary before the scheduled payday. This service is designed to provide an alternative to high-interest payday loans and help employees manage mid-pay cycle liquidity issues. In addition to EWA, the platform offers financial education resources, budgeting tools, and savings features to promote long-term financial health. Floatpays integrates with employer payroll systems, offering its services at no cost to the employer, and has expanded its offerings to include features like pension-backed home loans. The company is backed by venture capital firms, including Y Combinator, Global Founders Capital, and 4DX Ventures.
Sector
FinTech
Verticals
Lending & Credit, Personal Finance, HR, Digital Payments
Business Model
B2B2C
Customer Profile
Payment Processing Fee
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Floatpays Inc Comps
Public and private peers based on sector, stage, and business model.
Floatpays Inc Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Feb 22, 2022 | ||||
| Seed | Jan 26, 2022 | ||||
| Accelerator | Aug 31, 2021 |
Key People
Founding team and executive leadership
Floatpays Inc Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Global Founders Capital | Seed |
| 4DX Ventures | Seed |
| Finca Ventures | Seed |
| Norrsken Foundation | Seed |
| Base Capital | Seed |
| Y Combinator | Accelerator |
| Verod-Kepple Africa Ventures | Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 18, 2026
Monthly visitors grew 166% MoM, reaching 11.5K.
- Jan 21, 2025
Added Pepkor Payments and Lending as a customer.
Floatpays Inc Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Floatpays Inc's valuation, stock price, and market status.
