Floatpays Inc
Floatpays Inc, a fintech company based in Cape Town, South Africa, provides innovative financial solutions including on-demand wage access and financial education tools.
Company History
Floatpays Inc, originally known as FloatPays (Pty) Ltd, was launched in South Africa in July 2020. As a fintech company headquartered in Cape Town, WC, South Africa, Floatpays has quickly built a reputation for providing innovative financial solutions. The company was part of the Y-Combinator batch S21 and has a team size of 15. Floatpays has grown to serve regions including South Africa, Africa, and remote locations, with plans to expand its services to additional African countries in 2022 and beyond.
Services Offered by Floatpays Inc
Floatpays Inc provides a range of financial services designed to improve financial wellbeing. The company's primary offering is on-demand wage access, allowing employees to access earned but unpaid wages. Floatpays also offers financial education, budget planning tools, cash access, and voucher purchases directly from wages. Additionally, the company is developing a savings product to promote long-term financial resilience. By providing an interest-bearing, paycheck-linked savings account, Floatpays aims to encourage savings discipline among users.
Floatpays Inc Financial Tools
Floatpays Inc focuses on empowering employees with financial tools to improve their financial habits. These tools include a free budgeting tool and comprehensive financial education resources. Users can manage their money better, reduce reliance on debt, and start saving. By offering earned wage access as a non-credit alternative to payday lenders, Floatpays helps employees avoid high-interest debt traps and improve their overall financial health.
Floatpays Inc Authorized Financial Services
Floatpays Inc operates as an authorized financial services provider under the Financial Advisory and Intermediary Services Act (Act No. 37 of 2002) with FSP number: 52120. This authorization underscores Floatpays' commitment to maintaining high standards of financial service and trustworthiness. The services offered by Floatpays are accessible through multiple platforms including the Google Play Store, Apple App Store, and Huawei AppGallery, ensuring broad availability for users.
Floatpays Inc Client Partnerships
Floatpays Inc works with a diverse range of clients across various industries. Notable clients include Marcopolo, Call Lab, Dynamic Brands, City Lodge Hotels, Sea Harvest, Vetus Schola, Titanium, BC Metal, Thetha, Samuels, HM, Microtronix, Drain Clean, The Silo, Paymaster, KFC, AA, Nandos, Yoco, and Wellness Warehouse. These partnerships demonstrate the trust and value that reputable organizations place in Floatpays' financial services and tools to enhance their employee benefits.
