Float Lands R46m Funding to Scale SA Operations

South Africa’s Float raises $2.6m to fuel expansion

South Africa’s Float raises $2.6m to expand card-linked instalment payments. Discover how this FinTech is reshaping credit responsibly.

South Africa’s Fintech Startup Float Raises $2.6M(R46 million) to Scale

Four-year-old card-linked instalment platform Float has secured $2.6 million (R46 million) in funding co-led by Invenfin and SAAD Investment Holdings, with participation from all existing investors, including Platform Investment Partners. Lighthouse Venture Partners also participated and played an advisory role on the deal. The funding will be used to scale Float’s South African operations, enhance its proprietary technology platform and prepare…

South Africa’s Float raises $2.6 million to scale card-linked instalment service

Float, a South African fintech startup, has received $2.6 million (R46 million) in Invenfin and SAAD Investment Holdings-co-led fresh funding to accelerate its expansion across the country and prepare for international growth. Existing investors also participated, with advisory support from Lighthouse Venture Partners. This marks another milestone for the startup as it continues to redefine how South Africans use credit cards. Launched in late 2…

Float lands R46m funding to scale SA operations

Card-linked instalment platform Float has secured $2.6m (R46m) in funding to expand its South African operations, enhance its proprietary technology, and prepare for regional growth. Read more...

Float Raises USD 2.6 M To Scale Card-Linked BNPL In South Africa

South African fintech Float, a card-linked instalment platform, has raised USD 2.6 M (ZAR46 M) in a round co-led by Invenfin and SAAD Investment Holdings, with participation from Platform Investment Partners, Lighthouse Venture Partners, and other existing backers. Founded in 2021 by Alex Forsyth-Thompson (CEO) and Paul Masson (CFO/COO), Float is reimagining how consumers use credit. Instead of issuing new loans like traditional “buy now, pay la…