Float Raises £1.5M in Seed Funding
Summary
Float, an Edinburgh, UK-based cash flow service for Xero, QuickBooks Online and FreeAgent, completed a £1.5m seed funding. The company intends to use the funds to open a new office in Australia, continue to enhance its partnership program, and perfect its forecasting solution for the needs of modern accounting firms. Led by co-founder and CEO Colin Hewitt, Float provides a cash flow forecasting and budgeting solution for small to medium-sized businesses and accounting firms. It is used by thousands of businesses worldwide that need to know their cash status in real-time, to facilitate reporting, decision making and planning. Float is planning to make 12 new hires across its Sydney, global sales, product development, and marketing teams.
Funding
Amount
$2.0M
Total raised
Date
January 15, 2020
Announcement date
Investors
-
Lead investors
Company
https://floatapp.com/
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Software
SaaS
Cash Flow Forecasting Software
Linked Companies
The Float Yard Ltd.
$1M to $5M
Float
$1M to $5M