Stockholm-based Float has raised €4.5 million in Series A funding, led by Chapters Group AG, to enhance revenue-based financing solutions for tech SMEs.
Float, a South African fintech, has launched its innovative card-linked installment payment solution in the UK, aiming to enhance consumer purchasing power without increasing debt.
Float has officially launched in the UK, enabling merchants to offer interest-free instalments on credit card purchases, enhancing consumer flexibility without new credit issuance.
Float's entry into the UK market allows merchants to offer interest-free instalments on existing credit cards, marking a significant innovation in the BNPL space.
