Floan is developing an MVP for a budgeting tool that enables consumers to pay for flights on a monthly basis through point-of-sale finance. It aims to let individuals across a range of credit scores spread flight costs with tailored monthly repayments typically over 3–18 months. The company positions itself as a fusion of a tech start-up and broker for the travel sector and emphasizes environmental consciousness by offering customers the option to offset flights via carbon-sequestering projects at point of purchase. Floan’s commercial model charges a £35 booking fee on transactions generated through its platform, which it expects to be more affordable than most credit cards. The startup targets the "prime & near prime" demographic—young professionals and families—who may prefer monthly payments instead of large upfront flight costs. The company reports a pre-money valuation of £1.5M, was incorporated in March 2016, and is located in London.

Total raised

$111M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2022