# Float Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/float-technologies

- Industry: Software
- Headquarters: Accra, Ghana
- Website: www.float.co
- Total disclosed funding: $7M
- Latest round: Seed (Jan 17, 2022)
- Investors on record: 6

## About

Based in Accra, Ghana, and founded in 2020, Float Technologies Inc., trading under the name Float, formerly known as Swipe Technologies Inc., operates as a fintech company. Jesse Ghansah (CEO) and Barima Effah are the co-founders of the company. The company was rebranded as Float and went live with its product in June 2021. In January 2022, Swipe Technologies Inc. raised USD 10 million in venture debt funding from new investor Cauris.

The company provides credit to businesses that have trouble getting credit from regular lenders. Float also provide software tools for businesses to manage accounts and wallets from a unified dashboard, as well as automate bills, vendor or supplier payments, and invoice collections. Invoice advances, opening a business account, payment links, managing budgets, revenue advances, instant payouts, and spending cards are among the platform's other capabilities.

The company plans to use venture debt financing received in January 2022 to speed its development and launch of new products.

## Funding rounds

- Seed, Jan 17, 2022, $7M — Tiger Global Management, Kinfolk Capital, Soma Capital Management, Ingressive Capital, Jam Fund, Magic Fund

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Seed
- Kinfolk Capital (https://capitalatlas.ai/funds/kinfolk-capital) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Ingressive Capital (https://capitalatlas.ai/funds/ingressive-capital) — Seed
- Jam Fund (https://capitalatlas.ai/funds/jam-fund) — Seed
- Magic Fund (https://capitalatlas.ai/funds/magic-fund) — Seed