# Float Financial Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/float-financial-solutions

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.floatfinancial.com
- Total disclosed funding: $143M
- Latest round: Series C (Jun 24, 2026)
- Investors on record: 14

## About

Based in Canada, Float Financial Solutions Inc. operates a business-finance software and financial-services platform providing corporate cards, expense management, payments, business accounts, foreign exchange and working-capital tools to Canadian companies. Founded in Toronto in 2019, Float Financial Solutions Inc. develops financial software and services for Canadian businesses. The company was Co-founded by Rob Khazzam (CEO), Ruslan Nikolaev and Griffin Keglevich. Float launched its first corporate-card product in 2021 and subsequently expanded into expense management, payments, business accounts, foreign exchange and credit. On 24 June 2026, Float announced a CAD 85 million all-equity Series C led by Inovia Capital, with participation from Goldman Sachs Alternatives, Garage Capital, Teralys Capital, BDC Capital and Northleaf. Dennis Kavelman joined Float’s board as part of the financing. The company works with Canadian businesses and finance teams to provide integrated business finance and spend-management solutions. The company offers corporate cards in CAD and USD, automated expense management software, bill payment automation, reimbursement tools, business accounts, cross-border payments, working-capital credit, and high-yield accounts. Its proprietary AI-powered Float Intelligence platform helps automate finance workflows and improve operational efficiency. Float’s products are supported by teams of engineers, product specialists, designers, and financial technology professionals. The platform serves thousands of Canadian businesses seeking centralized control over spending, payments, cash management, and financial operations. The company’s revenue is generated by providing business finance software and financial services to Canadian enterprises through a B2B model. Float earns revenue from subscriptions and usage of its expense management platform, corporate card programs, bill payment services, business accounts, working-capital credit offerings, and payment-related solutions. Customers use the platform to manage spending, automate accounts payable processes, oversee cash balances, and facilitate business payments through an integrated financial operations ecosystem. With the recent CAD 85 million Series C funding raised on June 24, 2026, the company plans to expand and grow its operations across Western Canada and Québec. Float also plans to advance Float Intelligence, its proprietary AI-powered finance platform, increase strategic hiring across product, R&D, sales, and marketing functions, and broaden adoption among Canadian businesses.

## Funding rounds

- Series C, Jun 24, 2026, $60M — Goldman Sachs Asset Management, BDC Capital, Inovia Capital, Teralys Capital, Northleaf Capital Partners, Garage Capital
- Series B, Jan 13, 2025, $49M — Teralys Capital, Goldman Sachs Asset Management, OMERS Ventures, FJ Labs, Garage Capital
- Series A, Nov 3, 2021, $30M — Tiger Global Management, Golden Ventures, Global Founders Capital, Susa Ventures, Garage Capital, Tiny Capital, A-Star
- Seed, Jul 13, 2021, $4M — Golden Ventures, Global Founders Capital, Susa Ventures, Garage Capital, Tiny Capital

## Investors

- Golden Ventures (https://capitalatlas.ai/funds/golden-ventures) — Seed, Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed, Series A
- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Seed, Series A, Series B, Series C
- Tiny Capital (https://capitalatlas.ai/funds/tiny-capital) — Seed, Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- A-Star — Series A
- Teralys Capital (https://capitalatlas.ai/funds/teralys-capital) — Series B, Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B, Series C
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series C
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series C
- Northleaf Capital Partners (https://capitalatlas.ai/funds/northleaf-capital-partners) — Series C