Tuesday
March 26
2024

Float, a South African Buy-Now-Pay-Later Startup, Secures $11 million to Launch its Card-Linked Installment Platform

Float, a startup based in South Africa, specializing in buy and pay later services (BNPL), has secured $11 million in funding from Standard Bank.

This funding according to the company will be used to accelerate the rollout of its card-linked installment platform, which allows shoppers to split purchases into manageable installments without additional fees or interest.

Photo by Tima Miroshnichenko from Pexels.

Source: Fintech Magazine Africa (link opens in a new window)

Categories
Finance
Tags
business development, financial inclusion, lending, partnerships, scale, startups