Float, formerly known as Swipe, is the next-generation cash management platform for businesses and startups in Africa.

Float helps you manage cashflow and gives you the credit your business needs to cover operational costs like payroll, inventory, or even marketing expenses.

Float was founded in 2020 by Jesse Ghansah, with Barima Effah. The company is headquartered in Accra, Ghana.

 

Float provides credit lines for businesses to cover cash flow gaps. Float also has software tools for businesses to manage accounts and wallets in one dashboard, as well as automate bills, vendor or supplier payments and invoice collections.

 

Float's other features include invoice advance, opening a business account, payment links, managing budgets and spend cards. The company has also introduced some more features recently: revenue advances and instant payouts.

 

Float has already onboarded hundreds of businesses in a wide range of industries — retail and manufacturing, fintech, e-commerce, media and health. It has also hit $10M in credit spend and cash advances to businesses.

 

Float has raised $17M Seed (a $7M equity and $10M debt) funding on Jan 17, 2022. Backers included Tiger Global, JAM Fund, Cauris, Kinfolk, Soma Capital, Ingressive Capital, Magic Fund, among others.

 

 

  • Year founded: 2020
  • Funding Info: $17M over 2 Rounds (Latest Funding Type: Seed- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Accra
  • State: Accra
  • Country: Ghana
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