ADVERTISEMENT
TechEconomy
Thursday, June 5, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Ghana’s Float raises $17,000,000 seed to accelerate credit offerings for SMEs

Ghana’s Float raises $17,000,000 seed to accelerate credit offerings for SMEs

Joan Aimuengheuwa by Joan Aimuengheuwa
January 17, 2022
in StartUPs
0

RelatedPosts

From Nigeria to the World: Scaling African EdTech with GMind AI

From Nigeria to the World: Scaling African EdTech with GMind AI

June 5, 2025

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience

June 4, 2025

Fintech startup, Float has raised $17,000,000 seed funding to strengthen its credit offerings for businesses and expand geographically.

With reach across Ghana and Nigeria, Float is resolved to set up offices in Kenya and South Africa after getting licenses to operate in these countries by the second quarter of 2022. 

The company also plans to improve its cash management platform and launch new credit products tailored to specific business verticals and industries with the investment.

The seed round, which included a $7,000,000 equity and $10,000,000 debt funding from Cauris, also had participation from Tiger Global and JAM Fund, the investment firm of Justin Mateen, co-founder of Tinder, who co-led the equity fund. Other VC firms involved in the equity round included Kinfolk, Soma Capital, Ingressive Capital and Magic Fund.

Angel investors such as Micheal Seibel; CEO of Y Combinator, Sandy Kory of Horizon Partners, Ramp founders Karim Atiyeh and Eric Glyman, Gregory Rockson of mPharma and Dutchie founders Zach Lipson and Ross Lipson, also took part in Float’s seed round.

Float was founded by Jesse Ghansah and Barima Effah in 2020. Initially known as Swipe, the company rebranded as Float and went live with its product in June 2021. The idea for the YC-backed Ghanaian fintech came during the chief executive’s time at OMG Digital, a media company he founded that also got into YC, in 2016.

The company focuses on ensuring financial accessibility by providing credit facilities to help businesses grow and overcome challenges gotten from traditional banks.

Added to its offerings for businesses to cover cash flow gaps are its software tools to help them manage accounts and wallets in one dashboard, automate bills, vendor or supplier payments and invoice collections. 

Float seeks to serve as the financial operating system for Africa’s small and medium businesses, hence its continuous endeavours. The company’s features also include invoice advance, opening a business account, payment links, managing budgets and spend cards.

Not limited to the mentioned products, Float has recently introduced some more features including revenue advances and instant payouts which helps small businesses leverage its platform to tap into their revenues instantly rather than through gateways. Its invoice factoring helps businesses with outstanding invoices get cash advances.

Since inception, Float’s cash flow management and spend platform has onboarded hundreds of businesses in a wide range of industries like retail and manufacturing, fintech, e-commerce, media and health.

The company affirms to have hit $10,000,000 in credit spend and cash advances to businesses in that time, and has seen its payment transaction — invoicing and vendor payments — volume, in eight figures, increase 26x.

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Barima EffahFloatJesse Ghansah
Previous Post

Top 10 eCommerce websites in Nigeria to watch in 2022

Next Post

Nestlé, Nomanini, Standard Bank partner to solve stock needs of Africa’s underbanked informal retail traders

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

From Nigeria to the World: Scaling African EdTech with GMind AI
StartUPs

From Nigeria to the World: Scaling African EdTech with GMind AI

by Joan Aimuengheuwa
June 5, 2025
0

This is a case study of solving huge problems, with huge impact, from the ground up

Read more
Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience

June 4, 2025
Thunder Code: African Founders Behind $120M Exit Return with $9M AI Testing Startup

Thunder Code: African Founders Behind $120M Exit Return with $9M AI Testing Startup

June 4, 2025
Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval

Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval

June 3, 2025
BPC Expands Operations in Nigeria, Appoints Dapo Adeosun as MD

BPC Expands Operations in Nigeria, Appoints Dapo Adeosun as MD

June 2, 2025

LuminX Closes $5.5M Round to Scale Edge AI for Smarter Warehousing

June 2, 2025
Next Post

Nestlé, Nomanini, Standard Bank partner to solve stock needs of Africa's underbanked informal retail traders

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.