Floatpays
The ultimate employee benefits platform
Floatpays is an employee benefits platform for South African employers that brings several financial wellness services into a single system connected to payroll. It addresses the administrative burden of running separate benefits programs and gives employees access to savings, flexible pay, home finance, rewards and guidance through one integration.
The platform includes Automated Savings, which transfers a chosen amount into a savings wallet each payday and provides payroll with an itemised deductions schedule; Earned Wage Access; Pension-backed Home Loans; Employee Rewards; an Employee Communication Platform for updates, documents and messages; and Financial Wellness Tools for budgeting and planning. It integrates with payroll systems and supports rollout with technical support, launch planning and employee onboarding.
Floatpays is aimed at HR and payroll teams at South African employers, as well as financial institutions partnering through their employer networks. The site states that employees can use the benefits without mandatory costs, hidden fees or interest, and that there is no cost to the business; it does not set out a free plan, trial or seat-based editions.
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