# Floatpays Inc — On-demand wage access service built for the African market

```yaml
url: "https://forg.to/companies/floatpays-inc"
website: "https://www.floatpays.com"
industry: "Fintech"
company_size: "11-50 employees"
headquarters: "Cape Town, South Africa"
is_hiring: false
open_roles: 0
verified: false
created: 2026-07-23
```

## About Floatpays Inc

Floatpays is an on-demand wage access platform that helps employees access, spend, save and manage their money. The problem we are solving is that more than 75% of the 12 million employed South African’s run out of money before the end of the month, 52% of those end up borrowing money to survive. Informal lending is the only option for most borrowers, with interest rates anywhere between 30-50%. The story is the same in most African countries where payday/micro-lending has become the norm amongst lower-income earners. Our app features include financial education, a budget planning tool, cash access, and voucher purchases all from wages earned but unpaid. We are currently working on a savings product to promote long-term financial resilience. 	 We launched our product in South Africa in July 2020 and plan to extend our reach into additional African countries in 2022 and beyond.

## Links

- Website: https://www.floatpays.com
- Forg: https://forg.to/companies/floatpays-inc

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_HTML version: https://forg.to/companies/floatpays-inc_