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Today: Jun 13, 2024

Eyes floating, payments transformed, backed by $11m Standard Bank investment.

1 min read

TLDR:

Float, a fintech startup, secured an $11 million facility from Standard Bank to support its unique card-linked instalment platform. This platform allows shoppers to split payments into interest-free monthly instalments using their existing Visa or Mastercard credit cards. The funding will fuel Float’s growth plans, benefitting both consumers and merchants through responsible credit card usage and increased sales. The partnership with Standard Bank provides long-term security and flexibility for Float as it aims to revolutionize the payments ecosystem in Africa.

Float, a fintech startup, recently secured an $11 million funding facility from Standard Bank to support its card-linked instalment platform.

This platform allows shoppers to split their payments into interest-free monthly instalments using their existing Visa or Mastercard credit cards.

The funding will facilitate Float’s growth plans and benefit both consumers and merchants through responsible credit card usage and increased sales.

Partnering with Standard Bank provides Float with long-term security and flexibility as it aims to revolutionize the payments ecosystem in Africa.