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Float logo — Canada's complete business finance platform. Modern financia...

Float

Canada's complete business finance platform. Modern financial services + software to help you spend, save and grow.

Founded 2019 Canada Toronto, Canada 171 employees Debt Financing Total: $93.00M Finance, Financial Services +2

General Information

Company Name Float
Founded Year 2019
Location Canada Toronto, Canada
Employees 171
Industries Finance, Financial Services, Fintech +1
Funding Stage Debt Financing
Business Model B2B, SaaS, Embedded Finance
Revenue Model Subscription, Usage Based, Service Fee
Social

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About Float

Float, founded in 2019, is a dynamic Canadian company carving its niche in the fintech sector with its slogan: "Canada's complete business finance platform. Modern financial services + software to help you spend, save and grow."

It's not a bank but a financial technology enterprise, aiming to simplify business finance in Canada by providing a comprehensive platform that integrates corporate cards, bill payment, reimbursements, and foreign exchange services. Already trusted by over 5,000 companies, Float enables finance teams to enhance operational efficiency, maintain compliance, and confidently scale their operations.

Float Financial Solutions Inc. partners with regulated financial institutions for card issuance and banking services, ensuring clients' deposits are secure with CDIC and FDIC insurance coverage through notable members like The Bank of Nova Scotia and Thread Bank.

On February 13, 2024, Float received a substantial $50.00M debt financing investment from Silicon Valley Bank, highlighting robust investor confidence and potential growth trajectory in an increasingly competitive market.

Business keywords: corporate finance, business finance platform, corporate cards, expense management, financial compliance, bill payment solutions, reimbursements, foreign exchange solutions, prepaid cards, banking services, financial software, deposit insurance, savings solutions, business solutions

Services & Products

Corporate Cards with High Limits
Expense and Spend Management
Automated Bill Pay
Real-time Reporting and Insights
Accounting Automation
High Yield Business Accounts

Target Customers

CFOs CEOs Controllers Accountants Fast-growing Canadian businesses Finance teams in various industries

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $50.00M 1
Silicon Valley Bank
13 Feb 2024
Series A $37.00M 8
Tiny Capital Global Founders Capital Garage Capital
Tiny Capital, Global Founders Capital +6
03 Nov 2021
Seed Round $5.00M -
13 Jul 2021
Debt Financing $1.00M -
13 Jul 2021

Float Alternatives & Competitors

View All Alternatives
Float vs
SimpledCard
SimpledCard The Netherlands

Volledige controle over de bedrijfsuitgaven door de unieke combinatie van betaalkaarten en declarati...

37 employees
Finance, Financial Services
Float vs
Alaan
Alaan United Arab Emirates

One platform for corporate cards, supplier payments, and business banking | Trusted by 3,000+ busine...

Series A
366 employees
B2B, Financial Services
Compare Float vs Alaan
Float vs
Zemo
Zemo Kenya

All-in-One Expense Management for Growing Businesses. Offering Corporate Cards and Working Capital

Seed
12 employees
Financial Services, Fintech
View all alternatives

FAQ About Float

Canada's complete business finance platform. Modern financial services + software to help you spend, save and grow.
Float was founded in 2019.
Float is headquartered in Toronto, Canada.
Float operates in Finance, Financial Services, Fintech and Payments. Its work centres on corporate finance, business finance platform, corporate cards and expense management. Its customers include CFOs, CEOs and Controllers.
Float has a B2B, SaaS and Embedded Finance business model. Its revenue comes from Subscription, Usage Based and Service Fee.
Float has approximately 171 employees.
Float has completed 4 funding rounds, raising a total of $93.00M. The latest funding stage is Debt Financing.
Float offers: Corporate Cards with High Limits, Expense and Spend Management, Automated Bill Pay, Real-time Reporting and Insights, Accounting Automation, High Yield Business Accounts.
Top alternatives and competitors to Float include SimpledCard, Alaan, Zemo , Spendesk, Aspire. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Float and SimpledCard are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Float, https://bouncewatch.com/company/float-2, updated 27 January 2026. When citing, please name BounceWatch and link this page.

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