Float

Float is a South African fintech buy-now-pay-later platform for shoppers and merchants, letting customers split eligible Visa or Mastercard credit card purchases into monthly instalments without interest or fees.

Key capabilities include:

• 1 to 24 monthly instalments on a single credit card purchase, with zero interest and zero fees
• Uses an existing credit card limit, with no new credit issued and no additional credit application
• No sign-up and no paperwork, customers choose instalments at checkout and pay with their card
• Works online (select the option at checkout, choose instalments, enter card details) and in-store (scan a QR code, add purchase and personal details, choose instalments, then enter card details)

Available on Web, including a partner-store directory plus separate shopper and merchant login portals.

Target users include South African consumers who want to spread credit card spending over time, and South African merchants who want to offer instalment payments at checkout across categories such as electronics and appliances, furniture and homeware, fashion and footwear, and leisure, sports and hobbies.

Notable in the local market, it launched in 2021, operates across online and in-store partner networks (including brands such as iStore and Samsung), and reported R46 million ($2.6 million) in funding in 2025.