Monday, September 29, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Fintech

Float, a Ghanaian fintech startup, has raised $17 million in a seed round to help businesses in Africa

Tech Gist Africa by Tech Gist Africa
01/20/2022
in Fintech, Funding, News - West Africa, Startups, Venture Capital
0 0
0
Float Ghana

Float Ghana

0
SHARES
Share on FacebookShare on Twitter

Float, a Ghanaian fintech startup that manages cash flow and spending for African businesses, has raised US$17 million in debt and equity seed capital to accelerate its development and launch additional products.

Tinder co-founder Justin Mateen’s JAM Fund and Tiger Global led the deal, with Cauris providing debt financing.

Kinfolk, Soma Capital, Ingressive Capital, and Magic Fund joined the round, as did a number of noteworthy angel investors, including Michael Seibel, Sandy Kory (Horizon Partners), Karim Atiyeh and Eric Glyman (founders of Ramp), Gregory Rockson (mPharma) and Zach Lipson and Ross Lipson (founders of Dutchie).

Small businesses can use Float to get credit lines, as well as tools to manage their accounts and wallets in one place, as well as solutions to automate bill payments, vendor and supplier payments, and invoice collections. Simply defined, it aspires to act as a “financial operating system” for organizations.

Jesse Ghansah founded the company in 2021, and it has since onboarded hundreds of customers across a wide spectrum of industries, and it now hopes to grow even faster after securing a US$17 million seed investment.

“Float set out on a mission to help millions of businesses throughout the continent flourish and fulfill their full potential,” Ghansah added.

“With this additional capital, we will continue to improve both our credit and software solutions in order to provide the best possible service to our rapidly expanding customer base.” We’re thrilled to be the go-to growth partner for businesses all around Africa.”

In the first six months of operation, Float received US$6 million in credit expenditures and cash advances to businesses, and its payment transaction volume has increased 26 times as more customers utilize Float to manage both domestic and international business payments.

According to Ghansah, the new funds will be used to accelerate the development of the company’s cash management platform and to create new credit products customized to certain business areas and sectors.

 

Read more on Tech Gist Africa:

Orda, a Nigerian restaurant management startup, has raised $1.1 million in pre-seed funding

Asaak, a Ugandan fintech startup, has raised $30 million in pre-Series A funding.

Finclusion, An African FinTech company has raised $20 million in funding to help grow its business across Africa

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Rulebase
Funding

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

by Tech Gist Africa
09/26/2025
0

Rulebase, a Y Combinator-backed fintech startup, has raised $2.1 million in pre-seed funding to automate back-office operations in financial services....

Read more
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Mavryk Network UAE

Mavryk Network Secures $10M to Revolutionize UAE Real Estate with Blockchain Tokenization

09/26/2025
Next Post
Orcas Egypt

Orcas, an Egyptian edtech startup, has raised $2.1 million in pre-Series A funding to help it grow

ExpandCart Egypt

ExpandCart, an Egyptian e-commerce start-up, has raised $2.7 million in a Pre-Series B funding round

Poa Kenya

Poa Internet, a Kenyan Internet Service Provider, has closed a $28 million funding to expand its operations across Africa

No Result
View All Result

The Big 5

Mohamed Alabbar

From Vision to Marketplace: Mohamed Alabbar and the Rise of Noon.com

by Tech Gist Africa
09/29/2025
0

...

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.