Floatpays

Floatpays is an employee benefits and financial wellness platform for South African employers that want to offer payroll-linked tools to help employees save, access pay before payday, and manage money.

Key capabilities include:

• Automated monthly savings through payroll-linked savings plans that help employees build a savings buffer.
• Earned wage access that lets employees access a portion of unpaid wages without mandatory costs, hidden fees, or interest.
• Pension-backed home loans that support employees who want to build or renovate homes, with repayment designed to help build credit.
• Employee rewards and an employee communications platform for recognition, sharing updates, and distributing important documents.

Available on Web, Android, iOS, and Huawei AppGallery.

The product is designed for HR and payroll teams at South African businesses, delivered in a B2B2C model where employees use the benefits through their employer.

It is notable in the South African market for its focus on payroll integration at zero cost to the employer and for operating as a regulated provider, including FSP 52120 and NCRCP 16757 accreditations.