Floatpays

Private Company

Next Generation Financial Wellness

Financial Services
Cape Town, Western Cape
11-50 employees
Founded 2019

About Floatpays

Floatpays provides a financial wellness platform to employers in South Africa, designed to empower their workforce. The unified, zero-cost platform offers on-demand earned wage access, automated savings, and financial education to help employees build financial stability. It primarily targets HR and payroll teams, providing a seamless employee benefit solution.

Company Classification

Customer Types
B2EB2B
Business Models
FreemiumSubscription
Product & Service Types
Employee Financial Wellness PlatformEarned Wage Access (EWA)Embedded Finance APIs

Funding

Total Funding

$5.11M

No. of Funding Rounds

5

Customers

CustomerSuccess StorySource
Standard Bank
Used Floatpays employer portal to manage monthly deduction reports and payroll schedules for pension-backed home loans.
Woolworths
Partnered with FloatPays to provide its employees with instant access to a portion of their earned wages before their traditional payday.
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