Description

On-demand wage access service built for the African marketFloatpays is an on-demand wage access platform that helps employees access, spend, save and manage their money. The problem we are solving is that more than 75% of the 12 million employed South African’s run out of money before the end of the month, 52% of those end up borrowing money to survive. Informal lending is the only option for most borrowers, with interest rates anywhere between 30-50%. The story is the same in most African countries where payday/micro-lending has become the norm amongst lower-income earners. Our app features include financial education, a budget planning tool, cash access, and voucher purchases all from wages earned but unpaid. We are currently working on a savings product to promote long-term financial resilience. We launched our product in South Africa in July 2020 and plan to extend our reach into additional African countries in 2022 and beyond.

 


ACTIVE FOUNDERS

Founder 1

Simon Ward,

I am a passionate technologist and product builder. I get my energy from building products that disrupt existing markets and make a positive impact on how we live our lives. My experience includes 20 years as an entrepreneur and business leader in the fintech and eCommerce business verticals. I have worked globally and been fortunate enough to be part of a few business exits along the way. Brands include Play.com, Rakuten, Moonpig.com, Photobox.com, and Prodigy Finance.

Twitter: | Linkedin: https://www.linkedin.com/in/wardsimon/


Founder 2

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Founder 3

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Founder 4

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Founder 5

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Founder 6

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Based in
Founded in

2019

Team Size

6

Not Available
Today's work schedule is not available
  • Monday

    By appointment only

  • Tuesday

    N/A

  • Wednesday

    N/A

  • Thursday

    N/A

  • Friday

    N/A

  • Saturday

    N/A

  • Sunday

    N/A

  • 9 December 2022 23:56 local time

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