Floatpays logo — Next Generation Financial Wellness

Floatpays

Next Generation Financial Wellness

Founded 2019 South Africa South Africa 17 employees Non Equity Assistance Total: $19.13M Education, Finance +3

General Information

Company Name Floatpays
Founded Year 2019
Location South Africa South Africa +1
Employees 17
Industries Education, Finance, Financial Services +2
Funding Stage Non Equity Assistance
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About Floatpays

Floatpays, founded in 2019 and headquartered in South Africa, is revolutionizing employee financial wellness benefits with its slogan "Employee financial wellness benefits. Earned wage access, paycheck linked savings and more!" The startup aims to enhance the employee value proposition, enabling employers to attract, retain, and engage top talents within their organizations. Through on-demand earned wage access, paycheck linked savings, and financial education, Floatpays empowers employees to build financial wellness, reduce reliance on debt, and learn better money management. As an authorized financial services provider under the Financial Advisory and Intermediary Services Act, Floatpays offers innovative solutions that help employees in Education, Finance, Financial Services, and Fintech industries to achieve financial stability. The startup received Non-Equity Assistance investment from Visa Accelerator on 14 February 2024, showcasing its potential to attract support from leading investors in the industry. Floatpays is positioning itself as an impactful player in the employee benefits market with its comprehensive approach to financial wellness.

Taxonomy: employee benefits, financial wellness, earned wage access, paycheck linked savings, financial education, financial services provider, employer solutions, debt reduction, money management, employee engagement, FSP, retirement savings, financial empowerment

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Non Equity Assistance •••••• 1 •••• •••• 14 Feb 2024
Seed Round •••••• 1 •••• •••• 21 Feb 2022
Seed Round •••••• 8
Investor Investor Investor Investor
•••• ••••
26 Jan 2022
Pre Seed Round •••••• - 31 Aug 2021
Pre Seed Round •••••• - 01 Feb 2021

Floatpays Alternatives & Competitors

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FAQ About Floatpays

Next Generation Financial Wellness
Floatpays was founded in 2019.
Floatpays is headquartered in South Africa.
Floatpays operates in the following industries: Education, Finance, Financial Services, Fintech, Human Resources.
Floatpays has approximately 17 employees.
Floatpays has completed 5 funding rounds, raising a total of $19.13M. The latest funding stage is Non Equity Assistance.
Top alternatives and competitors to Floatpays include SecureSave, 121 Benefits, wagely, FinFit, Gwala. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Floatpays and SecureSave are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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