Floatpays Inc
YC S21Cape Town, ZA · Founded 2019 · 15 employees · 5 known investors
FloatPays is a financial services provider offering credit and payments solutions, regulated in South Africa as a financial intermediary and payments provider.
Also known as FloatPays · FloatPays (Pty) Ltd
Founders & leadership· Y Combinator alumni (S21)
Floatpays Inc was founded in 2019 by Simon Ward.
SW
Simon WardinFounder and CEO (YC S21)Simon Ward brings 25 years of experience as an entrepreneur and business leader in fintech and eCommerce. He has held roles at Play.com, Rakuten, Moonpig.com, Photobox.com, and Prodigy Finance, and currently leads Floatpays.
Investors · 5
Competitors · 10
by search overlapDailyPay29 shared keywordsDailyPay provides on-demand pay solutions that allow employees to access their earned wages before traditional paycheck cycles, serving employers and workers seeking greater financial flexibility. The company offers employer-integrated payroll software, worker financial wellness tools, and a fintech platform for the hourly and salaried workforce.
Payactiv20 shared keywordsPayactiv provides earned wage access (EWA) offered through employers, letting workers access their earned wages before payday, along with a Visa card, bill pay, discounts, financial counseling, and budgeting and savings tools. It serves employees and employers as a financial wellness and payroll-linked benefits platform.
Instant19 shared keywordsInstant offers an all-in-one pay platform providing earned wage access, digital tip payouts, and a virtual pay card, letting employees access their wages and tips before payday without fees. It is sold to employers in the US as a benefit for part-time, salaried, and gig workers, and integrates with payroll and HCM systems.
Tapcheck17 shared keywordsTapcheck offers earned wage access, letting employees transfer a portion of net earnings before payday via direct deposit or a Tapcheck Mastercard. It integrates natively with over 300 payroll and timekeeping systems and is free for employers to offer as an employee benefit.
Deel15 shared keywordsDeel is a global HR platform that enables businesses to hire, onboard, and manage employees and contractors across borders. The platform handles payroll, compliance, and HR administration for companies managing international workforces.
CloudPay15 shared keywordsCloudPay provides a global payroll and payments platform that automates payroll processing and payment operations for multinational organizations across 140+ countries. The company combines automated technology with expert service teams to deliver compliance and payment solutions for enterprise payroll management.
Chime14 shared keywordsChime is a US financial technology company offering fee-free checking and savings accounts, debit and credit-builder cards, early access to direct-deposited pay and no-fee overdraft cover. It is not itself a bank: deposits are held through partner banks. Founded in 2012 by Chris Britt and Ryan King, it listed on Nasdaq in June 2025 under the ticker CHYM and serves over 10 million active members.
MoneyLion14 shared keywordsMoneyLion is a financial technology company offering consumer banking products including spend accounts, savings accounts with variable APY, a debit Mastercard with cash back rewards, and a membership plan with added services and insurance benefits. It provides a marketplace connecting users to third-party financial products, with banking services provided by Pathward, National Association.
FloatMe12 shared keywordsFloatMe is a personal finance mobile app that provides interest-free cash advances ("Floats") of up to $50-$100 between paydays with no credit checks, along with spending tracking, low-balance alerts, and savings offers. It targets consumers seeking to manage their money and avoid overdraft fees, connecting to users' bank accounts via Plaid.
Self12 shared keywordsSelf provides credit-building tools and savings products designed for people with low or no credit history. The company serves individuals seeking to build or rebuild their credit scores to access financial opportunities.
Companies competing with Floatpays Inc for the same Google search keywords, organic and paid, via search-intersection analysis.
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Frequently asked questions
- What does Floatpays Inc do?
- FloatPays is a financial services provider offering credit and payments solutions, regulated in South Africa as a financial intermediary and payments provider.
- Who founded Floatpays Inc?
- Floatpays Inc was founded by Simon Ward in 2019.
- Who are Floatpays Inc's investors?
- Floatpays Inc's investors include 4DX Ventures, FINCA Ventures, Founders Factory Africa, The Raba Partnership, Y Combinator.
- Where is Floatpays Inc headquartered?
- Floatpays Inc is headquartered in Cape Town, ZA.