Float is a fintech platform for business spending that combines smart corporate cards with expense management. It lets finance teams issue unlimited virtual cards for vendors and employees, fund those cards as needed, and set spending limits, all in CAD or USD. The platform provides real-time expense reporting to spot unusual activity and opportunities for savings, helping companies manage and reconcile spending quickly. Revenue comes from subscription fees and from the interest earned on clients’ cash balances. Float differentiates itself by offering 4% interest on cash balances in both CAD and USD, a strong customer-support promise, and tools designed to give businesses tighter control over spending and cash flow compared with traditional banks. The company’s goal is to automate and simplify business spending while giving teams more visibility and control over their finances, across Canadian and cross-border use.
Company Size
201-500
Company Stage
Series C
Total Funding
$257.3M
Headquarters
Toronto, Canada
Founded
2019
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