Float

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.

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

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

• Revenue-based financing
• SaaS lending platform
• Multi-currency business accounts
• Foreign exchange services
• Growth capital

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core 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

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• AirwallexcoreTechnology or IntegrationAirwallex (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 ABcoreOthersFloat 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 ABcoreOthersFloat 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

Direct 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

• Xx.com/float_funding
• Facebookfacebook.com/floatfunding
• LinkedInlinkedin.com/company/floatfunding

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds5 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Float