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INTERNET | Internet Software & Services / Accounting & Finance
floatapp.com

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Founded Year

2010

Stage

Seed VC | Alive

Total Raised

$2.78M

Last Raised

$1.95M | 2 yrs ago

Mosaic Score

+130 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Float

Float provides a cash flow forecasting and budgeting solution for small to medium-sized businesses and accounting firms.

Float Headquarter Location

CodeBase, Argyle House 3 Lady Lawson Street

Edinburgh, Scotland, EH3 9DR,

United Kingdom

+44 (0) 7970 958776

Latest Float News

Ghana’s Float raises $17m seed round to power cash flow for commerce in Africa

Jan 18, 2022

Ghana’s Float raises $17m seed round to power cash flow for commerce in Africa Ghanaian fintech startup Float, a cash flow management and spend platform for businesses in Africa, has closed a US$17 million round of debt and equity seed funding to speed its development and launch new products. Float provides credit lines to small businesses, as well as tools to manage business accounts and wallets in one dashboard, and tools to automate bills, vendor and supplier payments, and invoice collections. To put it simply, it aims to serve as a “financial operating system” for businesses. Since its launch six months ago, the startup has onboarded hundreds of customers in a wide range of industries, and it now plans quicker growth after banking a US$17 million seed round. The round was led by Tinder co-founder Justin Mateen’s JAM Fund and Tiger Global, with debt financing provided by Cauris. Kinfolk, Soma Capital, Ingressive Capital and Magic Fund also participated in the round, as well as some notable angels including Michael Seibel (YC CEO – Float is an alumni, and founder Jesse Ghansah has been through the accelerator twice), Sandy Kory (Horizon Partners), Karim Atiyeh and Eric Glyman (founders of Ramp ), Gregory Rockson (mPharma) and Zach Lipson and Ross Lipson (founders of Dutchie ). Ghansah said the company will use the new capital to speed up the development of its cash management platform and launch new credit products tailored for specific business verticals and industries. “Float set out on a mission to provide more cashflow and liquidity for millions of businesses across the continent to help them grow and reach their true potential,” he said. “With this new funding, we will continue to refine both our credit and software products to deliver the best experiences for our fast-growing customer base. We are excited to be the growth partner of choice for businesses across Africa.” Float hit US$6 million in credit spend and cash advanced to businesses in the first six months of going live, and has also seen its payment transaction volume increase 26x as more customers use Float to manage both their local and international business payments.

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Expert Collections containing Float

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Float is included in 2 Expert Collections, including SMB Fintech.

S

SMB Fintech

1,145 items

F

Fintech

4,625 items

Track and capture company information and workflow.

Float Patents

Float has filed 11 patents.

The 3 most popular patent topics include:

  • Cooling technology
  • Energy conservation
  • Energy conversion
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/17/2017

8/25/2020

Cooling technology, Energy conversion, Gas technologies, Heat pumps, Energy conservation

Grant

Application Date

2/17/2017

Grant Date

8/25/2020

Title

Related Topics

Cooling technology, Energy conversion, Gas technologies, Heat pumps, Energy conservation

Status

Grant

Float Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Float Rank

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