About Float Financial Solutions
Float Financial Solutions is a company based in Kitchener (Canada) founded in 2020 by Rob Khazzam and Griffin Keg. It operates as a B2B and SaaS. Float Financial Solutions has raised $34 million across 4 funding rounds from investors including SVB, A* and Tiny. Float Financial Solutions offers products and services including Corporate Cards, Expense Management, Bill Payments, and High Yield Accounts. Float Financial Solutions operates in a competitive market with competitors including Brex, Sodexo, Concur, Jeeves and Electronic Funds Source, among others.
- Headquarter Kitchener, Canada
- Founders Rob Khazzam, Griffin Keg
- SectorsTechnologyBusiness Services
- Phone•••• ••••
- Website floatcard.com
- Social LinkedIn X YouTube
- Legal Name Float Financial Solutions Inc.
- Total Equity Funding$34M (USD)
in 4 rounds
- Latest Funding Round$37.03M (USD), Debt – Conventional
Feb 2024
- InvestorsSVB
& 8 more
Products & Services of Float Financial Solutions
Float Financial Solutions offers a comprehensive portfolio of products and services, including Corporate Cards, Expense Management, Bill Payments, and High Yield Accounts.
High-limit cards for team spending without personal guarantees
Automates tracking and approval of business expenses
Streamlines accounts payable processes for businesses
Offers interest-earning accounts for business funds
Apps and channels of Float Financial Solutions
Float Financial Solutions publishes 2 mobile apps with over 5K+ downloads; its YouTube channel Float has 186 subscribers and 30 videos.
Videos from Float Financial Solutions
The most watched videos on Float Financial Solutions's YouTube channel, Float (186 subscribers). Click a video to play it here.
More on Float.
Funding Insights of Float Financial Solutions
Float Financial Solutions has successfully raised a total of $34M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $37.03 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $34M
- Total Rounds 4
- Last Round Debt – Conventional — $37.03M
- First Round $4M
(Jul 2021)
- Investors Count 9
All 4 funding rounds of Float Financial Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $37.03M | Debt – Conventional | – | – | |
| Nov 2021 | $30M | Series A | – | Tiger Global Management | |
| Jul 2021 | $4M | Seed | – | Susa Ventures, Golden Ventures | |
| Jul 2021 | $1M | Debt – Conventional | – | – |
9 investors in total: 8 institutional and 1 angel.
Investors in Float Financial Solutions
Float Financial Solutions has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SVB, A* and Tiny.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity investments are managed with global diversification. | – | tigerglobal.com | New York, United States | |
Seed-stage investments are directed toward North American startups. | – | golden.ventures | Toronto, Canada | |
Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors | – | susaventures.com | San Francisco, United States | |
Venture capital firm focused on early-stage startups | – | globalfounderscapital.com | Berlin, Germany | |
Seed-stage investments are made by Garage Capital across multiple sectors. | – | garage.vc | Kitchener, Canada | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Early-stage venture capital investments are made in tech startups. | 2020 | a-star.co | San Francisco, United States | |
Diverse internet businesses are acquired and operated for long-term growth. | 2007 | tiny.com | Victoria, Canada | |
MH Michael Hyatt | - | – | unknown_de9509c01d2349ceb | - |
Investor details for Float Financial Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Float Financial Solutions
10 people are tracked at Float Financial Solutions (3 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Rob Khazzam | Co-Founder, CEO | Leadership |
Griffin Keg | Co-Founder | Leadership |
Bhavin Shah | Chief Technology Officer | Leadership |
Argentina Nitsopoulos | Senior Risk And Compliance Operations Associate | Team |
Andrew Dale | Svp, Operations & GM Financial Products | Team |
Suliat S. | Manager, Risk And Compliance | Team |
Janessa Goulet | Financial Operations Manager | Team |
Meghan Smith | Svp, People & Talent | Team |
Finn Howell | Fraud and Disputes Manager | Team |
Jayaditya K. | Senior Compliance & Business Operations Specialist | Team |
Complete people profiles for Float Financial Solutions
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Float Financial Solutions
3 dated milestones of Float Financial Solutions across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Float Financial Solutions is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Debt – Conventional, of $37.0M.
Competitors of Float Financial Solutions
Float Financial Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brex, Sodexo, Concur, Jeeves and Electronic Funds Source, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| brex.com | 2017 | Draper, United States | $1.16B | – | SaaS-driven credit card and spend management solutions platform for businesses | |
| sodexo.com | 1966 | – | – | 423,000 | Employee benefits payment cards are provided via an online platform. | |
| concur.com | 1988 | Bellevue, United States | – | – | Corporate travel expenses and invoices are managed via SaaS platform. | |
| tryjeeves.com | 2019 | New York, United States | $268M | – | Payment and corporate financial cards are provided digitally by Jeeves. | |
| efsllc.com | 1996 | Ogden, United States | – | 448 | Corporate and fleet expense card solutions are provided for businesses. | |
| necho.com | 1995 | Toronto, Canada | – | – | Employee business expenses are automated and managed by Necho System. | |
| hotelzon.com | 1972 | Langley, Canada | – | – | Software solutions for corporate travel management are provided. | |
| acebot.ai | 2015 | San Jose, United States | $650,000 | – | AceBot is a platform offering productivity bots for Slack to boost team efficiency. | |
| expensepoint.com | 2000 | Winnipeg, Canada | – | – | Automated software for expense management, reporting, and integrations with accounting systems. |
Detailed competitors of Float Financial Solutions
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Float Financial Solutions
The website of Float Financial Solutions (floatcard.com) receives about 680.7K visits a month.
- Monthly visits680.7K
▼ 6.7% vs previous month
Websites whose visitors overlap most with Float Financial Solutions. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| falconebiz.com | 100% | 959.8K | #63,970 | View details | |
| tofler.in | 97% | 556K | #105,509 | View details | |
| zaubacorp.com | 96% | 4.9M | #12,689 | View details | |
| tracxn.com | 92% | 2.9M | #16,597 | View details | |
| indiafilings.com | 90% | 2.1M | #29,959 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Float Financial Solutions
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Float Financial Solutions
Complete news archive for Float Financial Solutions
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Float Financial Solutions
10 companies that operate in the same segment as Float Financial Solutions (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about Float Financial Solutions
Float Financial Solutions was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Float Financial Solutions is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Rob Khazzam is the current CEO of Float Financial Solutions. They have also founded this company.
Float Financial Solutions is a funded company, having raised a total of $34M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Jul 2021.
Float is a financial platform that delivers corporate cards, expense management software, and high-yield accounts to automate business spending and accounting. It operates in Canada, focusing on tools like bill payments and foreign exchange to help companies manage finances efficiently. Serving Canadian firms, it emphasizes security and real-time insights for better control over expenditures.
Float Financial Solutions offers Corporate Cards, Expense Management, Bill Payments, and High Yield Accounts.
Float Financial Solutions has 9 investors. Key investors include SVB, A*, Tiny, Tiger Global, and Golden Ventures.
Float Financial Solutions operates through Float Financial Solutions Inc..
Yes. Float Financial Solutions publishes Float - Business Spending and 1 more app, with over 5,000 downloads.
The website of Float Financial Solutions receives about 681 thousand visits a month.