Floatpays works with employers to offer its customers early access to earned wages 🔒
In a move strengthening its financial technology portfolio, Naspers’s SA-focused venture arm has invested R15m in a Cape Town-based start-up that gives employees instant access to their earnings instead of having to wait for the end of the month.
The company’s Foundry unit backed Floatpays, which provides customers with real-time access to a portion of their “earned but not yet paid” income during the month, with a $1m investment, Naspers said on Tuesday...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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