Floatpays Inc

On-demand wage access service built for the African market

Y CombinatorSummer 2021ActiveFintechFintechSaaS

What they do

Problem

Many employed people in Africa run out of money before payday and resort to high-interest informal or payday lending to cover expenses.

Solution

Floatpays provides an on-demand wage access app that lets employees access and manage earned but unpaid wages, with tools for budgeting, financial education, cash access, and vouchers.

Who it's for

Employees (especially lower-income earners) and their employers in African markets use the service.

Founders

Simon Ward

Founder

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 25 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, Prodigy Finance and most recently Floatpays.