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
Employees 17
Industries Education, Finance, Financial Services +2
Funding Stage Non Equity Assistance
Social

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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.

Business keywords: 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 Undisclosed 1
Visa Accelerator
14 Feb 2024
Seed Round ZAR15.00M 1
Naspers Foundry
21 Feb 2022
Seed Round $4.00M 8
Global Founders Capital, FINCA Ventures +6
26 Jan 2022
Pre Seed Round $125.00K -
31 Aug 2021
Pre Seed Round Undisclosed -
01 Feb 2021

Floatpays Alternatives & Competitors

View All Alternatives
Floatpays vs
Jify
Jify India

Building financial wellness for the employed workforce

Acquired
97 employees
Financial Services, Fintech
Floatpays vs
wagely
wagely Indonesia

Asia‘s leading financial wellbeing app for employees 👷🏽‍♀️💙

Venture round
121 employees
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Floatpays vs
Rain
Rain United States

Financial health for the modern workforce

Series B
342 employees
Financial Services, Fintech

FAQ About Floatpays

Next Generation Financial Wellness
Floatpays was founded in 2019.
Floatpays is headquartered in South Africa.
Floatpays operates in Education, Finance, Financial Services, Fintech and Human Resources. Its work centres on employee benefits, financial wellness, earned wage access and paycheck linked savings.
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 Jify, wagely, Rain, FinFit, WageNow. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Floatpays and Jify 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.

Source: BounceWatch company record for Floatpays, https://bouncewatch.com/company/floatpays, updated 25 November 2024. When citing, please name BounceWatch and link this page.

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