South Africa’s Fintech Startup Float Raises $2.6M(R46 million) to Scale

 Four-year-old card-linked instalment platform Float has secured $2.6 million (R46 million) in funding co-led by Invenfin and SAAD Investment Holdings, with participation from all existing investors, including Platform Investment Partners. Lighthouse Venture Partners also participated and played an advisory role on the deal. The funding will be used to scale Float’s South African operations, enhance its proprietary technology platform and prepare for future market expansion as the company continues its triple-digit growth trajectory. Float is reimagining how consumers use credit by providing a budget-friendly, interest- and fee-free instalment solution that promotes responsible spending and greater affordability. Continue reading