Float Secures $11M Funding from Standard Bank to Accelerate Growth 🚀 🇿🇦

Float Secures $11M Funding from Standard Bank to Accelerate Growth 🚀 🇿🇦

#banking
#fintech
#banking
#startup
#funding
South African fintech startup Float receives an $11 million funding facility from Standard Bank, marking a significant milestone in its journey to revolutionize the credit card industry. With plans to expand its card-linked installments platform, Float aims to reshape consumer spending habits while empowering merchants.

South African fintech startup Float has obtained an $11 million funding facility from Standard Bank to support the rollout of its innovative card-linked installments platform. Launched in November 2021, Float's technology allows consumers to split payments over interest-free monthly installments, encouraging responsible credit card usage and driving sales for merchants. This strategic partnership with Standard Bank is set to fuel Float's growth trajectory, enabling it to scale and revolutionize the payments ecosystem in South Africa and beyond. 🌍💳


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