Canadian businesses have long had to make do with financial tools built for other markets, fragmented, misaligned, and slow to adapt to how Canadian companies actually operate.
Float Financial is building the alternative: a single platform for corporate cards, business accounts, bill pay, expense management, and cross-border payments, all purpose-built for Canada's regulatory and bilingual requirements.
Since its Series B, Float has doubled its active customer base to more than 7,500 Canadian businesses, grown revenue over 120%, and was named the fastest-growing fintech in Canada on the Globe and Mail's Top Growing Companies list.
Float has closed a CAD $85M all-equity Series C led by Inovia Capital, with continued participation from Goldman Sachs Alternatives and Garage Capital, and new investment from BDC Capital and Northleaf. The round raises Float's valuation by 70%. Capital will go toward advancing Float Intelligence, the company's proprietary AI layer, and expanding across Western Canada and Quebec.