Startupsby GlyphWhy it ranks
How the rank works- team of 15Team size · YC's directory+6.2
- went through YCProgram · this site+4
A sum of public facts, not a judgement and not investment advice.
Competitors
| Company | Category | Status | Program |
|---|---|---|---|
| Other | Active | YCS21 | |
| Other | Active | YCW24 |
Adjacent
| Company | Category | Status | Program |
|---|---|---|---|
| Other | Not stated | Antler2024 | |
| Other | Not stated | EF2017 | |
| Other | Inactive | YCS20 | |
| Other | Not stated | Plug and Play | |
| Other | Not stated | SPC2018 |
Also from S21
All of S21About 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.
- YC batch
- S21 · Summer 2021
- Status, per YC
- Active
- Category
- Other
- Team size
- 15
- Location
- Cape Town, WC, South Africa; Remote
- Checked
- 10h ago
Floatpays Inc: questions
Which YC batch was Floatpays Inc in?
Floatpays Inc was in Y Combinator's Summer 2021 batch (S21).
Is Floatpays Inc still active?
Y Combinator lists Floatpays Inc as active.
Where is Floatpays Inc based?
Floatpays Inc lists Cape Town, WC, South Africa; Remote as its location on YC's directory.