About Float
Float is a company based in Rosebank (South Africa) founded in 2020 by Alex Forsyth Thompson.. Float has raised $2.6 million across 2 funding rounds from investors including Standard Bank, Invenfin and SAAD. Float offers products and services including Float Payment Service and Merchant Integration.
- Headquarter Rosebank, South Africa
- Founders Alex Forsyth Thompson
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Float Technologies (Pty) Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.6 M (USD)
in 2 rounds
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Latest Funding Round
$2.6 M (USD), Seed
Sep 10, 2025
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Investors
Standard Bank
& 4 more
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Employee Count
Employee Count
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Products & Services of Float
Float offers a comprehensive portfolio of products and services, including Float Payment Service and Merchant Integration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables buy now, pay later options with credit cards for online purchases.
Allows merchants to offer installment payments to customers.
Unlock access to complete
Sales and Marketing
2 people
Leadership Team
1 people
Finance and Accounting
1 people
Legal and Compliance
1 people
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Funding Insights of Float
Float has successfully raised a total of $2.6M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.6 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.6M
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First Round
First Round
(19 Mar 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Seed - Float | Valuation | Invenfin , SAAD Investment Holdings | |
| Mar, 2024 | Amount | Debt – Conventional - Float | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Float
Float has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Standard Bank, Invenfin and SAAD. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth equity investments are made by sector-agnostic corporate-backed VC firm.
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Founded Year | Domain | Location | |
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SAAD is engaged in private equity and investment management.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Float
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Float
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Float Comparisons
Competitors of Float
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Float
Frequently Asked Questions about Float
When was Float founded?
Float was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Float located?
Float is headquartered in Rosebank, South Africa. It is registered at Rosebank, Gauteng, South Africa.
Who is the current CEO of Float?
Alex Forsyth Thompson is the current CEO of Float. They have also founded this company.
Is Float a funded company?
Float is a funded company, having raised a total of $2.6M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $11M, raised on Mar 19, 2024.
What does Float do?
Provider of a point-of-sale financing solutions. It provides users with a payment platform that allows users to buy now and pay later with their existing credit card. It also offers convenience and financial control to customers without the need for new credit applications or traditional interest charges associated with credit cards.
What products or services does Float offer?
Float offers Float Payment Service and Merchant Integration.
Who are Float's investors?
Float has 5 investors. Key investors include Standard Bank, Invenfin, SAAD, Lighthouse Venture Partners, and Platform Investment Partners.