Float
Float is a Stockholm-based fintech providing ARR-linked, non-dilutive revolving credit facilities to European B2B SaaS companies, complemented by multi-currency Global Accounts and FX services. The platform targets SaaS businesses with €250K+ ARR across 16 European markets.
- Company typePrivate
- Founded2022
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Float does
Float is a Stockholm-based fintech that provides revenue-based, non-dilutive credit facilities to European B2B SaaS companies. Its core product is a revolving credit facility sized to up to 70% of a customer's Annual Recurring Revenue (ARR), allowing SaaS businesses to draw capital as needed without giving up equity, warrants, or personal guarantees. Float combines this lending product with multi-currency Global Accounts (supporting 80+ currencies), FX conversion, and international payment services, positioning itself as a unified finance stack for European technology companies. The platform is accessible via self-serve digital onboarding with a funding calculator, supplemented by sales-assisted engagement for larger accounts.
Underlying the offering is a cloud-based fintech platform that connects via API to customers' accounting, banking, and subscription/billing systems to perform real-time, SaaS-specific underwriting using metrics such as NRR, churn rate, and gross margins — rather than physical collateral or traditional credit scoring. Float operates through two primary Swedish legal entities — Float Lending AB (platform operator and business accounts) and Float Finance AB (regulated credit provider registered with Finansinspektionen) — plus a German subsidiary, Float Lending GmbH, which holds a §34c GewO loan broker license. Multi-currency banking infrastructure is delivered through a partnership with Airwallex, leveraging Airwallex's FCA- and DNB-regulated payment rails.
The business model is hybrid: revenue-based financing generates discount fees and interest on drawn capital (fixed upfront per draw, repaid over 6–15 months with optional 3- or 6-month grace periods and no facility or draw fees), while the Business Account product is sold via tiered monthly subscriptions (Basic €0, Grow €50, Scale €300, Enterprise €800) plus FX margins (0.25%–1.55% by tier and currency). Float targets European SaaS companies with €250K+ ARR across 16 markets, has funded 120+ companies with 400+ loans deployed, and operates with a headcount of 11–50 employees. Distribution is digital-first, combining a self-serve web platform with content marketing via the "Float Street Journal" blog and newsletter.
Float firmographics
Firmographics- Name
- Float
- Legal name
- Float Lending AB and/or Float Finance AB
- Website
- https://floatfinance.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Float is a Stockholm-based fintech providing ARR-linked, non-dilutive revolving credit facilities to European B2B SaaS companies, complemented by multi-currency Global Accounts and FX services. The platform targets SaaS businesses with €250K+ ARR across 16 European markets.
- Ownership category
- akta.pro rank
Float industry classification
Industry- Product category
- Revenue-Based Financing
- NAICS
- Credit Intermediation and Related Activities (522), Sales Financing (52222)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Direct Lending — Asset-Based Lending (ABL) (FSAHAJAE)
- akta.pro secondary industry
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
Keywords
Where Float is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices3 records
Markets served
Float business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Revenue-based Financing / Growth Funding: Float provides non-dilutive ARR-linked credit facilities to B2B SaaS companies. Revenue is generated through discount fees applied to drawn capital, with interest and fees fixed upfront at the time of draw. Repayment is structured around monthly installments with optional grace periods. No facility fees or draw fees are charged.
- Business Account Subscriptions: Monthly subscription packages (Basic €0, Grow €50, Scale €300, Enterprise €800) providing multi-currency wallets, Global Accounts, and transfer allocations. Additional revenue from FX margins (0.25%-1.55% depending on tier and currency), extra transfer fees, and additional Global Account opening fees.
- Foreign Exchange (FX) Services: Currency conversion with margins built into the interbank rate. Margins vary by package tier and currency group, ranging from 0.25% (Enterprise, Group 1 currencies) to 1.55% (Basic, Group 4 currencies). Revenue is realized at the point of conversion execution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Free tier with 1 Global Account, no local or SWIFT transfers included. |
| Subscription | Monthly | Entry paid tier with 3 Global Accounts and 30 local + 2 SWIFT transfers. |
| Subscription | Monthly | Mid-market tier with 10 Global Accounts and 100 local + 10 SWIFT transfers. |
| Subscription | Monthly | Enterprise tier with 15 Global Accounts and 200 local + 20 SWIFT transfers. |
| Usage-based | Pay-as-you-go | Revenue-based financing up to 70% of ARR with no published pricing — custom credit offers based on ARR quality metrics. |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Float product offering
Product offeringCore offering
Float provides non-dilutive, ARR-linked credit facilities to European B2B SaaS companies, sized up to 70% of ARR and underwritten using real-time API-connected financial data. The offering combines a revolving growth funding line with multi-currency business accounts and competitive FX services, creating a unified finance stack for SaaS operators across Europe, Ireland, and the UK.
Product overview
Float is a unified finance stack for European Tech/SaaS companies, built around three interconnected core products: Growth Funding (a flexible, non-dilutive ARR-linked credit facility providing up to 70% of ARR), Global Accounts (multi-currency accounts supporting 80+ currencies with local bank details), and a Business Account (multi-currency wallet and payment services powered by Airwallex). These core offerings are supported by educational content through the Float Street Journal blog and enhanced by specialized financing products including SaaS Financing, SaaS Loans, Invoice Factoring, Venture Debt, Convertible Loans, Alternative Financing, Startup Funding, and Growth Capital. The platform also provides a Calculator tool for funding assessment. Float targets B2B SaaS companies in Europe, Ireland, and the UK with €250K+ ARR, emphasizing non-dilutive capital, no personal guarantees, and covenant-light terms.
Differentiator
Problem solved
Functional benefit
Products and services
- Growth Funding A flexible, non-dilutive revenue-based credit facility that scales with ARR (up to 70% of ARR), providing SaaS companies capital to fund go-to-market, extend runway, and grow without equity dilution.
- Global Accounts Multi-currency accounts providing local bank details across the globe, enabling businesses to send and receive payments in 80+ currencies with competitive FX rates.
- Business Account Multi-currency business account powered by Airwallex, including fund holding, FX conversion, and international transfer services. Available in four subscription tiers: Basic (free), Grow (€50/mo), Scale (€300/mo), and Enterprise (€800/mo).
- Invoice Factoring Invoice factoring service for SaaS companies that allows selling accounts receivable to a third party for immediate liquidity, with advance rates of 80-90% within 24-48 hours.
- Venture Debt Specialized loan product for venture-backed startups providing runway extension between equity rounds, typically priced as floating rate (SOFR/Prime + 6-9% spread) with warrant coverage of 1-5%.
- Convertible Loans Short-term hybrid debt instrument that converts to equity at a future financing round, featuring valuation caps, discount rates (15-25%), and interest rates (4-8%).
Quantifiable outcome
- Funding available within 7-10 days from application (vs. 8-12 weeks for traditional venture debt)
- +4 more outcomes
Companies that use Float
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Float technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Float partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- AirwallexcoreAirwallex (Netherlands) B.V. and Airwallex (UK) Limited provide the underlying payment services for Float's Business Account product, including multi-currency wallet, fund holding, currency conversion, Global Accounts, and international transfers. Airwallex is authorized by De Nederlandsche Bank (Netherlands) and the Financial Conduct Authority (UK). Float acts as the platform and interface layer while Airwallex provides the regulated payment infrastructure. Customers must accept the Airwallex Connected Account Agreement. Airwallex also shares Account Data back to Float as a controller-to-controller data transfer.
- Float Lending ABcoreFloat Lending AB (org. no. 559100-4907) operates and owns the Float platform, providing platform services, freemium financial insights, and the Business Account product. It shares data with Float Finance AB for credit assessment purposes.
- Float Finance ABcoreFloat Finance AB (org. no. 559167-3537) is registered with the Swedish Financial Supervisory Authority (Finansinspektionen) and provides the business credit facilities (Growth Funding) through the Float platform. Credit decisions rest solely with Float Finance AB. It receives financial data from Float Lending AB for creditworthiness and AML assessments.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Float competitors and assessment
Company assessmentDirect peers
- Capchase: Capchase provides revenue-based financing and recurring-revenue advances to B2B SaaS companies, directly competing with Float in the non-dilutive growth capital category for SaaS businesses globally, including in Europe.
- Outfund: Outfund is a UK- and Europe-focused revenue-based financing platform serving SaaS and subscription businesses with growth capital. It is a direct European competitor to Float, sharing the same vertical focus and non-dilutive value proposition.
- Pipe: Pipe operates a trading platform that turns SaaS recurring revenue into tradable financial assets and provides capital to SaaS businesses. It overlaps with Float's core RBF offering for SaaS founders seeking non-dilutive funding.
- Founderpath: Founderpath offers revenue-based financing and growth capital to B2B SaaS founders based on MRR. It overlaps with Float's core offering and serves a similar customer profile of bootstrapped and VC-backed SaaS founders seeking non-dilutive funding.
- SaaS Capital: SaaS Capital is a specialty finance firm providing growth capital to SaaS companies through MRR-based loans and credit facilities. It is a longstanding direct peer of Float in the SaaS-specific lending category.
- Clearco: Clearco is a leading revenue-based financing provider offering non-dilutive capital to SaaS and e-commerce businesses. It directly competes with Float in funding SaaS founders via recurring-revenue-linked advances with similar value propositions around speed and non-dilution.
- Lighter Capital: Lighter Capital provides revenue-based financing to tech and SaaS companies through automated, non-dilutive funding rounds. It directly competes with Float in the ARR-linked lending niche for growing SaaS businesses.
- Uncapped: Uncapped provides non-dilutive growth capital to SaaS and e-commerce businesses, originally founded in London. It is one of Float's closest direct competitors in the European RBF market, with comparable ARR-based underwriting and similar target customers.
Broad incumbents
- Wayflyer: Wayflyer provides revenue-based financing and embedded financing solutions primarily to e-commerce businesses. While its core focus is e-commerce rather than SaaS, it is a comparable RBF player with broader portfolio and similar underlying business model of recurring-revenue-linked lending.
Emerging players
- Arc: Arc (formerly AngelList Capital) provides financial products including debt and credit solutions to startups and SaaS companies. It is an emerging player offering non-dilutive funding products that overlap with Float's Growth Funding proposition for SaaS founders.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Float social profiles
Digital presenceFloat compliance and trust
Trust signalCompliance4 records
Float financial estimates
Financial estimateRevenue estimate
Valuation estimate
Float leadership team
Management profileNumber of profiles
Profiles3 records
Float funding detail
Funding detailFunding overview
Funding rounds5 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Float M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Float
What does Float do?
Float provides non-dilutive, ARR-linked credit facilities to European B2B SaaS companies, sized up to 70% of ARR and underwritten using real-time API-connected financial data. The offering combines a revolving growth funding line with multi-currency business accounts and competitive FX services, creating a unified finance stack for SaaS operators across Europe, Ireland, and the UK.
Is Float a public or private company?
Float is a private company. It is classified as venture growth investor backed and is currently operating.
When was Float founded?
Float was founded in 2022. It employs 11 to 50 people.
Where is Float based?
Float is headquartered in Stockholm, Sweden, in the Europe region.
How does Float make money?
Three revenue lines are on record. Revenue-based Financing / Growth Funding is the primary driver. The others are business Account Subscriptions and foreign Exchange (FX) Services.
Who are Float's main competitors?
Direct peers on record are Capchase, Outfund, Pipe, Founderpath, SaaS Capital, Clearco, Lighter Capital and Uncapped. Wayflyer is listed as a broad incumbent. Arc is listed as an emerging player.
Does Float have an API?
No public API is recorded for Float.
What industry is Float in?
Float's product category is Revenue-Based Financing. Its primary akta.pro industry code is FSAHAJAE, Direct Lending — Asset-Based Lending (ABL), with a secondary code of FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines). Its NAICS code is 522 and its SIC code is 6153.