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Float logo — Banking, payments and spend management in one intelligent pl...

Float

Banking, payments and spend management in one intelligent platform purpose-built for Canadian businesses.

Founded 2019 Canada Toronto, Canada 208 employees Debt Financing Total: $93.00M Finance, Financial Services +2

General Information

Company Name Float
Founded Year 2019
Location Canada Toronto, Canada
Employees 208
Industries Finance, Financial Services, Fintech +1
Funding Stage Debt Financing
Business Model B2B, SaaS, Embedded Finance
Revenue Model Subscription, Usage Based, Service Fee
Offices as of Nov 2026
CA Ontario Toronto M5V 2L1, CA Ontario Toronto M5V 2L1
Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Homepage Update

Significant changes detected on company website (94% content change).

Award Received Oct 28, 2026

Float ranked on Deloitte's Technology Fast 50 program for the second consecutive year.

Pricing Changed Oct 28, 2026

Float raised its rates, offering customers up to 3.75% on USD/CAD balances.

Actively Hiring Oct 27, 2026

Hiring for 10 positions in the last 30 days.

New Partnership Oct 22, 2026

Float partnered with YBL and Quanto to host an AI workshop and sponsor the event in Calgary.

Growth Metrics Oct 22, 2026

Float reports transaction trends and insights from over 10,000 Canadian businesses.

Float a competitor of yours? Have our desk watch it

AI Insight

Bounce Watch AI
1 week ago

Float is exhibiting strong growth momentum, now serving over 10,000 Canadian businesses and recognized for the second consecutive year on Deloitte's Technology Fast 50. Strategically, the company has adjusted its pricing to offer attractive interest rates on balances, likely aiming to enhance revenue per user and reinforce its value proposition. This, coupled with active hiring for 15 positions and significant website updates, signals a period of continued expansion and product optimization.

Signal Types
Traction Pricing Hiring Product Development Recognition
Strategic Labels
Market Expansion Revenue Optimization Talent Acquisition
Next Move: Product Enhancement
·
Impact: 9/10
·
Ideal For: Fintech VCs — Growth Stage

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

Pricing

as listed on Oct 31, 2026

Free plan · CAD 10/month per user

  • For small businesses & startups getting started with spend management: free
  • Advanced controls & workflows for growing teams: CAD 10/month per user
Float's pricing page

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
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
SimpledCard
SimpledCard The Netherlands

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

37 employees
Finance, Financial Services
Compare Float vs SimpledCard
Float vs
Brex
Brex United States

The AI-powered intelligent finance platform.

Acquired
2177 employees
Financial Services, Fintech
Compare Float vs Brex
Also compare with: Float vs Found Found Float vs Loop Financial Loop Financial View all alternatives

FAQ About Float

Banking, payments and spend management in one intelligent platform purpose-built for Canadian businesses.
Float was founded in 2019.
Float is headquartered in Toronto, Canada. As of Nov 2026, it also has offices in CA Ontario Toronto M5V 2L1, CA Ontario Toronto M5V 2L1.
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.
As listed on Float's pricing page on Oct 31, 2026: Free plan · CAD 10/month per user (For small businesses & startups getting started with spend management: free; Advanced controls & workflows for growing teams: CAD 10/month per user).
Float has approximately 208 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 Alaan, SimpledCard, Brex, Zemo , Found. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Float and Alaan 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://www.bouncewatch.com/company/float-2, updated 30 October 2026. When citing, please name BounceWatch and link this page.

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