Payment platform enabling shoppers to split payments into interest-free installments.
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Float operates a payment method that encourages smarter credit card usage. Its digital infrastructure lets shoppers make a purchase once and split their payments over up to 24 interest-free, fee-free monthly installments. Founded in South Africa, Float raised $11 million in funding from Standard Bank Corporate and Investment Banking. The company plans to roll out its card-linked installment platform to support its accelerated growth plans over the next four years.
| Date | Round | Amount | Lead |
|---|---|---|---|
| Mar 26, 2024 | $11.0M |