Toronto, Canada
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.
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