Frequently asked questions
- General
- Getting started
- Funding
What does Float have to offer?
How does it work?
European SaaS and other subscription-based businesses can get started by signing up, Swedish companies with BankID, Danish companies with NemID, and other countries with email. After signing up and connecting/uploading your data, our credit team will reach out to you and provide a credit offer if your information meets our criteria.
Once you have a credit offer, you'll have secured liquidity. You can draw funds as needed, customize each loan, and pay a fixed discount rate only on the credit you use.
What kind of businesses does Float fund?
We’re specialized in B2B SaaS businesses but are also open to other subscription-based companies that meet our criteria. We cover the Nordics, DACH, Benelux, Baltics, and Ireland. If you’re outside these regions in Europe, we’d be pleased to hear from you.
What is required to qualify for getting funding from Float?
You are required to have:
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Recurring revenues
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12+ months of revenue history
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Revenue growth >20% year-over-year
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Annual recurring revenue of 50k–5M+ EUR
- Based in Europe
Why would companies use Float?
Most of our customers use Float to invest in growth, such as boosting Sales & Marketing with a clear ROI. Others use Float to extend their runway and reduce dilution from venture capital rounds. Some prefer to bootstrap their growth journey, while others need to bridge a temporary cash gap. We provide flexible solutions to meet various needs.
Is Float regulated?
Float is registered with the Swedish financial authorities and has servers in the EU.
How much funding can I get from Float?
We provide credit of up to 70% of your ARR. As your ARR grows, your credit limit grows as well.
Can I apply for more funding in the future?
When you get funded by Float, you get a credit. You can draw as much as you want when you want it. Once you have reached your credit limit, you can request more.
How do I get started with Float?
If you have more questions, please feel free to contact us.
How do I submit data?
Login to your Float account, where you will find the options to upload or connect the data. You can either connect with your existing systems with a click or upload the data manually.
What types of data does Float collect?
We collect,
- Accounting data
- Financial data
- Subscription data
What happens after I submit my data?
Once you have submitted all the required data, we will configure your credit offer. After agreeing on terms you will receive funding within days.
What is my credit offer based on?
Your credit offer is based on the performance of your company.
How long does it take to get capital in my bank account?
Once you have submitted the data, we make our credit decisions in 24-48 hours. You'll have your money in the bank the day after.
How does the repayment structure work?
You can find your repayment schedule in your dashboard including the payment date, payment amount, and outstanding amount.
Once I have requested a credit, can I change or cancel it?
If you want to cancel it, please contact us
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