Overview:
Float is an AI-powered tool designed to provide non-dilutive growth capital for European SaaS companies and other subscription businesses. It offers loans of up to 70% of the Annual Recurring Revenue (ARR) without the need for personal guarantees or share pledges. Float aims to help companies boost their growth, bridge temporary liquidity gaps, and extend their runway. With fixed upfront interest and transparent terms, Float offers a founder-friendly funding option that allows businesses to maintain control and ownership. By leveraging the power of subscription revenues, Float provides convenient and flexible access to capital as a service.
Key Features:
- Non-dilutive growth capital: Float offers loans based on a percentage of a company's ARR, allowing businesses to access funding without giving up equity or control.
- Founder-friendly loans: Float believes in maximizing founder ownership, which is why personal guarantees and share pledges are not required.
- Transparent terms: With fixed upfront interest and no hidden fees, Float ensures clarity and simplicity throughout the funding process.
- Quick credit decisions: Float analyzes financial data and makes credit decisions within 24-48 hours, providing companies with fast access to funds.
- Secure data handling: Float's platform securely collects financial data from accounting systems, subscription software, and anonymized bank account information, protecting the privacy of users.
Use Cases:
- Extending runway: SaaS companies can use Float to access growth capital and minimize dilution from venture capital rounds, enabling them to invest in marketing, hiring, and other growth efforts.
- Bridging temporary cash gaps: Float's loans can help businesses overcome short-term liquidity challenges and ensure smooth operations during cash flow fluctuations.
- Capital efficiency: By combining debt from Float with equity from venture capital, companies can maintain capital efficiency and optimize their funding strategy.
- Deferred fundraising: If raising capital at present is not the right timing, companies can defer their next fundraising round and aim for a higher valuation in the future.
- Building cash buffer: Float provides businesses with the peace of mind of having sufficient cash reserves to handle unexpected expenses or economic downturns.
- Investing in profitability: Companies can use Float's funding to implement cost-saving measures that require upfront cash, contributing to increased profitability.
In conclusion, Float offers a convenient and founder-friendly funding solution for European SaaS companies and subscription businesses. With its non-dilutive loans, transparent terms, and quick credit decisions, Float empowers businesses to fund their growth, bridge cash gaps, and achieve capital efficiency. By leveraging the power of subscription revenues, Float provides a flexible and accessible source of capital to fuel business expansion.
