What does Floatpays do for me and my company?
We help your employees live financially healthy lives, reduce stress for your teams, improve happiness and productivity through the most comprehensive financial wellness platform in Africa.
What pain do we solve for you?
We reduce and often eliminate the friction and angst of you granting employee loans by allowing employees access to a portion of what they've already earned. There is no cost to your business. The transaction costs are minimal, think ATM fees. There is no change to your Cashflow.
Employee access to already earned wages and payment solutions
The wages have been earned, the risk is gone. Debt become access. Angst becomes employees breathing easier. Watch Attendance grow as stress levels drop.
We believe in being part of the solution, not the problem. Employee wellness is what we have as a mission. This is how we make change a habit.
Fully Customised Control
Access to proper relevant and useful Dashboards.
Fully configurable employee rule sets - you decide. We ensure.
Flexibility and control. Role based Access Control to your Employer Portal on Floatpays, protecting employee data through security controls that you set with our recommendations.
We have the only truly holistic approach to employee financial wellbeing
Employee budget and planning tools
Access to EFT, Instant Money Voucher, Data, Airtime and soon Medical vouchers
Financial literacy training built on an award winning training platform
Medical & Electricity vouchers
Available on iOS, Android and USSD
Bank grade security
Floatpays is offered as a voluntary employee benefit by your business to your employees.
We aren’t a payment advance, we aren't a loan provider, we are a holistic ecosystem supporting wealth creation.
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Loved by our users
"It is comforting to know that if for some reason during the month you are in urgent need of cash that you have Floatpays as a back up, and the best of all it is money that you have already earned during the month and no percentage fees to worry about."
“I used it to take my 5 months old baby to the Doctor when I didn't have the money and to buy that last battle weeks food."
“I needed transport money to get to work"
“Needed to buy my 1 year old nappies and something to cook for supper"
An all-in-one solution to financial wellbeing
& inclusion for your employees
Frequently Asked Questions
You have questions, we have answers
Simply put, it makes life a little easier when employees have the option to access their own money. So if Alan in Accounting’s geyser breaks, or Sarah in Sales needs a new car battery, they don’t have to borrow money from a loan company and pay off a high interest loan.
Floatpays allows you to withdraw a percentage of the wages you have earned at the time of the withdrawal. That percentage is determined by the employer and can be managed along with various other rulesets from your employer dashboard.
Employees can access the in-app help function at any time and our friendly support staff will assist with any questions.
Floatpays securely integrates with your payroll in order to calculate your employees’ earned wages daily, based on hours or days worked. A percentage of these earned wages is made available to them, as determined by withdrawal rules that can be configured by the employer. On withdrawal, funds are sent to the employee using the payment method they selected through the iOS, Android or USSD solution. The total withdrawals for the month along with the service fees are deducted from the employees’ pay at the end of the month and the net wages are then paid as you would normally.
Financial Wellbeing means having control over your day-to-day, month-to-month income and expenses with the capacity to absorb a financial shock or deal with a financial emergency. Being financially well means you have the financial freedom to make the choices that allow you to enjoy life.
As an employer, there is zero cost involved. You can opt to pay the employee withdrawal service fees or a percentage thereof as an extra benefit. As an employee, your transaction fee will be based on the amount withdrawn, just like you would pay at an ATM when you withdraw money and the cost is similar to ATM charges.