How Moneyclub by Floatpays and Orca Fraud are powering the next generation of financial access

Orca Team

October 15, 2025

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min read

To address the challenge of scaling financial wellness in South Africa, Floatpays created Moneyclub, a platform designed to help employees and communities save and build financial resilience together.To ensure these savings remain safe, Orca’s fraud orchestration platform was integrated to provide real-time protection. Since June 2025, over R25 million in savings have been safeguarded, supporting the Moneyclub by Floatpays’ mission to uplift and empower South Africans through secure, trusted financial solutions.

Real-time protection meets real-world savings

For South Africans, saving has always been both a necessity and a challenge. According to FinMark Trust, only about 34% of South Africans actively save money, and much of that saving happens informally through stokvels and community clubs. At the same time, PwC research shows that financial stress is one of the biggest barriers to employee wellbeing and productivity.

The strain is visible everywhere: 87% of South Africans report high financial stress impacting their physical and mental health (Moneyweb), while 80% of monthly salaries are typically spent by the 5th of each month, largely due to debt repayments (BusinessTech).

In 2021, Floatpays conducted an impact study to better understand employee needs. The result was clear: 77% of respondents said savings solutions were their top priority.

In this environment, trust is the currency that matters most.

As a licensed FSP operating under the requirements of the Financial Intelligence Centre (FIC), Floatpays prioritises the protection of customer funds.That’s why Moneyclub by Floatpays, South Africa’s savings-first financial wellness platform, partners with trusted KYC and AML providers, and critically, with Orca Fraud to safeguard against fraud.Orca plays a vital role in our money management process, strengthening trust through advanced security measures and solid compliance practices that ensure every transaction on our platform is protected.Together, they’re ensuring that every rand saved - whether by an employee, a household, or a community club - is safeguarded in real time.

This partnership has already delivered measurable impact: R25 million in protected savings transactions, making financial wellness both safe and rewarding.

The challenge: scaling savings without compromising safety

Floatpays set out to launch its new app called Moneyclub by Floatpays, a group and goal-based savings platform, with a clear vision: make structured saving transparent, social, safe and accountable for every South African.

But realising that vision meant confronting serious risks: identity theft, account takeovers, and fraudulent withdrawals. These threats were amplified by the very features that makes the app valuable: high transaction volumes, multiple members per club, and payroll-linked money flows, which are all attractive targets for fraudsters. And in the context of traditional stokvels, where money often “disappears,” the need for transparency and accountability was even sharper.

As Simon Ward, Founder and CEO, explains:

“Trust is everything in savings and financial services. Without it, people won’t put their money in or feel comfortable using the product. As an FSP, we need to guarantee the highest level of security to our customers.”

For Floatpays, success meant scaling safely: no fraud losses, no erosion of trust, and a seamless saver journey. Embedding security from day one wasn’t optional; it was the foundation on which the new app could grow.

The solution: Orca’s real-time fraud orchestration

Floatpays integrated Orca’s fraud orchestration layer in just 48 hours. This rapid deployment meant the new app could launch on schedule, with protection active from the very first transaction.

With Orca, Moneyclub by Floatpays now benefits from:

Real-time fraud detection. Every deposit and withdrawal is screened instantly
Localised protection. Machine Learning (ML) tuned for South African fraud patterns like SIM swaps, reused bank accounts, and synthetic IDs
Graph-based insights. Connecting dots across users and clubs to uncover mule networks
Automated compliance reporting. Reducing the burden on Floatpays’ risk and compliance team
Zero compromise on user experience. Savers enjoy fast, frictionless access, while bad actors are silently stopped

Commenting on the integration, Simon expressed:

“Partnering with Orca ensured we launched on time with top-notch transaction monitoring. The process was quick, collaborative, and Orca acted like an extension of our own team.”

The results: trust at scale

The Floatpays–Orca partnership demonstrates that fraud resilience can scale without slowing down growth. Since launch, the impact has been clear:

81,900 transactions monitored in real time, representing a total value of R25 million
190,000 employees supported across 600+ employers
Integration in 48 hours, enabling them to launch securely and on time

And beyond the numbers:

Trust grew: savers joined and committed more confidently, knowing their money was safe
Behaviours changed: customers saved more consistently and for longer-term goals
New markets opened: Moneyclub by Floatpays could confidently expand into stokvels and employer groups - segments where security and transparency are non-negotiable.

Simon noted

“Users save with more confidence, knowing their money is safe. This trust accelerates adoption and customer acquisition.”

Trust and user experience: “safe to save”

Fraud prevention is not just about blocking bad actors. It’s about enabling people to focus on their goals: building emergency funds, paying off debt, and saving for the future.

Moneyclub by Floatpays users and employers increasingly cite security as a reason to choose the app. Safety is now a competitive differentiator, not just a back-office requirement. Simon explained:

“Because people are handing you their future. Without trust, they won’t embark on the journey of saving and financial education.”

This is what “safe to save” means: combining transparency, simplicity, and invisible fraud prevention, so communities can build financial resilience with peace of mind.