Fundz

Fintech startup Float has secured $2.6 million to scale its operations, with funding co-led by Invenfin and SAAD Investment Holdings. The funding will enhance its technology and support market expansion.

PRIVATESep 10, 2025

Amount Raised

$2.6 Million

Round Type

Seed

Financial ServicesSoftwareFinance

Investors

InvenfinSAAD Investment HoldingsPlatform Investment PartnersLighthouse Venture Partners

Description

Float has secured $2.6 million in funding co-led by Invenfin and SAAD Investment Holdings, with participation from existing investors and Lighthouse Venture Partners. The funding will be used to scale its South African operations and enhance its technology platform. Float is focused on providing an interest- and fee-free instalment solution for consumers. The platform currently serves over 2,000 stores and processes thousands of high-value transactions monthly.

Quick answer

Float raised $2.6 Million in a Seed round, dated September 10, 2025. Investors: Invenfin, SAAD Investment Holdings, Platform Investment Partners and Lighthouse Venture Partners.

How much did Float raise?
Float raised $2.6 Million in a Seed round on September 10, 2025.
Who invested in Float?
Invenfin, SAAD Investment Holdings, Platform Investment Partners and Lighthouse Venture Partners are named as investors in this round.
What does Float do?
Float is transforming credit to work for shoppers, not against them.
Where is Float based and how big is it?
Fundz records about 22 employees.
Who are the decision-makers at Float?
Fundz holds 2 contacts at Float. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Float that raised within 45 days of this round, from Fundz verified event records.

  • Brico raised $14M (Series A) on October 23, 2025.
  • Upgrade raised $165M (Series G) on October 16, 2025.
  • Tenora raised an undisclosed amount (Funding Round) on October 14, 2025.
  • Treasure Global raised $400K (Funding Round) on October 7, 2025.
  • Feedzai raised an undisclosed amount on October 2, 2025.
  • SkySparc raised an undisclosed amount on September 23, 2025.

Who to call at Float, and when

A new round usually means Float is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Float raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Float, from your own LinkedIn network

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Company Information

Company

Float

About

Float is transforming credit to work for shoppers, not against them. The company enables customers to split large purchases into up to 24 interest-free monthly instalments using their existing credit card limit—without interest, fees, applications, credit checks, or additional credit. For merchants, Float drives over 134% larger orders, boosts conversions, and provides direct access to 5 million pre-approved shoppers. Its fully customisable instalment solutions give merchants unmatched control and flexibility, powered by innovative technology rooted in practical yet visionary thinking. By offering shoppers a flexible, frictionless, and financially responsible way to pay, Float is helping merchants build a new economy—where buying big means paying small.

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Related People

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Float raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.