Float develops an AI-native platform that automates complex transaction management workflows in capital markets, specifically focusing on derivatives. By transforming unstructured data into structured formats and enhancing team collaboration, the platform improves operational efficiency and ensures compliance with industry regulations.
Funding
$4M 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.
Founders
Product
Problem
Capital markets firms face challenges in managing complex transaction workflows, particularly with derivatives, due to unstructured data and siloed team collaboration. This leads to inefficiencies, increased manual work, and potential compliance issues.
Solution
Float provides an AI-native platform designed to streamline and automate complex transaction management workflows within capital markets, with an initial focus on derivatives. The platform transforms unstructured data into structured formats, facilitating seamless connectivity and enhanced collaboration across teams. By automating routine tasks and providing a secure, auditable environment, Float reduces manual effort, improves operational efficiency, and ensures compliance with industry regulations. The platform's open design and well-documented APIs allow for easy integration with existing technology stacks.
Target Audience
Float targets financial institutions of all sizes, including trading firms, investment banks, and asset managers, that are seeking to automate and optimize their derivatives transaction management processes.
Features
- Intelligent workflow automation that streamlines trading and operations.
- Transformation of unstructured inputs into structured data.
- Secure and resilient environment with full version history and comprehensive audit trail.
- Strict privacy rules and end-to-end encryption for data security.
- Developer-first philosophy with full API access for easy integration and customization.
- Confirmation Management tools to streamline post-trade processes.
- Trade Capture functionality to automate the recording of transaction details.