Float Financial Secures $70 Million Funding Round Led by Goldman Sachs Alternatives to Create Canada's Most Comprehensive Business Financing Solution

Float Financial, a Canadian business finance platform, has successfully closed a CAD $70 million Series B financing round, boosting its total funds raised over the past year to $120 million. The investment, led by Goldman Sachs Alternatives, with contributions from notable firms like OMERS Ventures and garage Capital, highlights Float’s robust growth trajectory, which includes a 45x increase in payment volume and significant revenue growth since its Series A round in November 2021. The company is redefining financial management for Canadian businesses by offering innovative tools such as expense management software and corporate cards, aimed at simplifying financial operations. With plans to expand its product offerings further and optimize its services for a growing client base, Float aims to empower thousands of businesses across Canada with efficient financial solutions. CEO Rob Khazzam emphasized the importance of meeting the needs of businesses in an increasingly competitive landscape while addressing systemic inefficiencies in the financial system.

Float Financial Secures $70 Million Funding Round Led by Goldman Sachs Alternatives to Create Canada’s Most Comprehensive Business Financing Solution

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