# Floatpays

**Source:** https://www.startuphub.ai/startups/floatpays
**Profile type:** Startup

> South African fintech platform for employee financial well-being and benefits.

## About

Floatpays offers an ultimate employee benefits platform that empowers employees to thrive financially at zero cost to employers. Their integrated solutions include automated savings, earned wage access, pension-backed home loans, employee rewards, and financial wellness tools, all designed to improve financial habits and reduce stress. The platform seamlessly integrates with payroll systems to provide these benefits to employees.

## Key facts

- **Slug:** floatpays
- **Website:** https://www.floatpays.com/
- **Location:** Cape Town, South Africa
- **Founded:** 2019-01-01
- **Employees:** 16
- **Operating status:** Active
- **Total funding:** $2M
- **Sectors / tags:** Fintech, Embedded Finance, Payments, Employee Benefits, Financial Wellness, Earned Wage Access, Savings, Lending, Rewards Platform
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/floatpays

## Frequently asked

### What does Floatpays do?

Floatpays offers an ultimate employee benefits platform that empowers employees to thrive financially at zero cost to employers. Their integrated solutions include automated savings, earned wage access, pension-backed home loans, employee rewards, and financial wellness tools, all designed to improve financial habits and reduce stress. The platform seamlessly integrates with payroll systems to provide these benefits to employees.

### What is Floatpays's revenue?

StartupHub estimates Floatpays's annual revenue at $4.7M (range $2.6M to $11.9M, 62% confidence), based on comparable companies in the sector.

### What is Floatpays's valuation?

StartupHub estimates Floatpays's effective valuation at $7.1M (range $4.6M to $11.0M, 13% confidence), based on comparable companies in the sector.

### How much funding has Floatpays raised?

Floatpays has raised a total of $2M in funding. The most recent round on record is Accelerator/Incubator.

### Where is Floatpays headquartered?

Floatpays is headquartered in Cape Town, South Africa.

### When was Floatpays founded?

Floatpays was founded in 2019.

### What industry does Floatpays operate in?

Floatpays operates in Fintech, Embedded Finance, Payments, Employee Benefits, Financial Wellness, Earned Wage Access.

### How many employees does Floatpays have?

Floatpays has approximately 16 people on record.

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