Float
Automated cash flow forecasting and scenario planning software.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
$2.0m | Seed | ||
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 43 % | 13 % | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Float is a cash flow forecasting and budgeting software designed for small to medium-sized businesses, accountants, and CFOs. Founded in 2012 by Colin Hewitt in Edinburgh, Scotland, the company was born from his direct experience with the difficulties of managing cash flow using spreadsheets at his previous digital agency. Hewitt, with a background in computer science, sought to create an automated and intuitive solution to provide clarity and control over business finances.
The software-as-a-service (SaaS) platform integrates directly with accounting software like Xero, QuickBooks Online, and FreeAgent. It automatically pulls bills, invoices, and transactions to generate a real-time, visual forecast of a company's cash position. This automation eliminates the manual data entry and fragility associated with spreadsheet-based forecasting. Key features include daily, weekly, and monthly forecasting, a 'what-if' scenario planning tool to model potential financial decisions, and budget versus actuals reporting. The platform is designed to be accessible to users without a deep financial background, helping business owners make informed decisions based on accurate data.
Float operates on a subscription-based business model, with tiered pricing plans that scale based on features and the number of users or clients managed. The company has secured approximately $2.78 million in funding over several rounds, with its latest seed round in January 2020. Float targets a global market of business owners and financial leaders, aiming to provide them with the financial intelligence needed to manage cash gaps, spot surpluses, and confidently plan for the future.
Keywords: cash flow forecasting, financial planning, scenario planning, business budgeting, SaaS, financial technology, QuickBooks integration, Xero integration, liquidity management, financial forecasting software, working capital management, small business finance, operational cash flow, financial reporting, accounts payable, accounts receivable, financial modeling, treasury management, cash management, financial control