Revenue financing fintech Float raises €4.5 million

Float, a Stockholm-based fintech focusing on revenue-based financing for tech small and medium-sized enterprises, has bagged €4.5 million in Series A funding, spearheaded by Chapters Group AG from Hamburg. This significant capital injection underscores the growing trust in alternative financing models, offering SMEs flexible financial solutions beyond traditional bank loans. With this funding, Float aims to expand its services and reach more businesses, potentially reshaping how tech firms access capital. This move highlights the increasing demand for innovative financial solutions in the fintech space.