South African Fintech Float Raises R46 Million

South African fintech innovator Float has raised R46 million ($2.6 million) in a funding round that underscores Africa’s growing dominance in the global financial technology sector and demonstrates the continent’s ability to develop world-class payment solutions that rival international competitors.

The funding round, co-led by Invenfin and Saad Investment Holdings with participation from Platform Investment Partners and advisory support from Lighthouse Venture Partners, represents significant confidence in South Africa’s fintech ecosystem and the country’s position as a leader in African financial innovation.

Source: Tech in Africa