Naspers Foundry invests in on-demand earned wage access platform

Naspers, through its R1.4 billion (about $93.2 million) early-stage tech investment vehicle Naspers Foundry, announced a R15 million ($1 million) investment in Floatpays, an on-demand earned wage access platform that helps customers build financial wellness. Floatpays provides customers with real-time access to a portion of their earned but not yet paid income at any time during the month, giving them an alternative to using credit to cover unplanned expenses. This is Naspers Foundry’s thir...

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