Yesterday, Edinburgh-based startup Float opened its doors to a select group of alpha testers.
The service, an add-on to popular accounting SaaS and fellow Edinburgh startup FreeAgent, helps users predict future cashflow. It aims to take the guesswork out of everyday business questions like “Can I afford to take on a new employee?” and “If Sarah Palin doesn’t pay her invoice on time, will I have enough cash to pay the VAT man?”
Although only a few users are currently live on the system, the Float team reports that they hope to launch a public beta by the end of August.
Colin Hewitt, Managing Director at IfLooksCouldKill and co-founder of Float, says he’s “really excited about the initial feedback we’ve got from people on the idea. From the beta request forms, we can see there is a real pain point around financial forecasting and we hope our solution will really help that. Also, there are so many ideas of where we can grow in prediction modelling.”
“We’re currently looking at raising seed investment, selling our possessions, and kissing goodbye to evenings and weekends!”
Insider tip: Make sure you click around the lovely seaside holding page—there’s a few hidden delighters. Also, I have it on good authority that applicants who provide generous, relevant commentary on the application receive priority entrance to the beta. Can you blame them?