Float provides a unified finance stack for European tech companies, offering quick-access credit facilities, multi‑currency accounts, and competitive FX rates across 80+ currencies. Its platform lets founders draw flexible, usage‑based funding without equity dilution, while handling global payments and account management through a single, secure interface. The service emphasizes speed, transparency, and scalability to support growth without the friction of traditional banking.
Funding
$119.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BCCGGCGSGENCFounders
Product
Problem
Tech‑focused SaaS and subscription businesses in Europe often struggle to obtain growth capital quickly because traditional bank loans and equity rounds involve lengthy due‑diligence, personal guarantees, and equity dilution. This creates cash‑flow gaps and limits the ability to scale internationally.
Solution
Float provides a unified finance platform that combines a flexible, revenue‑linked credit facility with multi‑currency business accounts and institutional‑grade foreign‑exchange services. By using a company’s recurring revenue as security, Float offers non‑dilutive loans up to 70 % of ARR without personal guarantees or board approvals. Credit is available within days, can be drawn on‑demand, and is repaid with fixed interest, while the platform’s cloud‑banking layer lets firms open local‑detail accounts in 80+ currencies, send and receive payments globally, and manage all transactions through a single dashboard. The service is built on bank‑grade security and EU‑based data processing, delivering fast, transparent, and scalable financial operations for growing tech companies.
Target Audience
Float targets SaaS and other subscription‑revenue companies in Europe that need growth capital and cross‑border payment capabilities while retaining full ownership and control.
Features
- Revenue‑based credit line that scales with ARR, offering up to 70 % of monthly recurring revenue
- Fixed‑rate interest with optional grace periods and no ongoing account‑maintenance fees
- Digital onboarding and contract signing, with credit offers delivered in a few days
- Multi‑currency business accounts (30+ local IBANs) supporting 80+ currencies and same‑day settlement
- Institutional‑grade FX conversion at transparent rates (as low as 0.25 %) with full cost visibility
- Integrated dashboard for real‑time loan management, transaction tracking, and reporting
- Bank‑grade security and EU‑hosted data storage ensuring compliance and fund protection