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
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Sectors
TechnologyBusiness Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Float Financial Solutions Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34 M (USD)
in 4 rounds
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Latest Funding Round
$37.03 M (USD), Debt – Conventional
Feb 13, 2024
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Investors
SVB
& 8 more
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Employee Count
Employee Count
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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
People of Float Financial Solutions
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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 Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $37.0M
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First Round
First Round
(13 Jul 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Debt – Conventional - Float Financial Solutions | Valuation |
investors |
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| Nov, 2021 | Amount | Series A - Float Financial Solutions | Valuation | Tiger Global Management | |
| Jul, 2021 | Amount | Seed - Float Financial Solutions | Valuation | Susa Ventures , Golden Ventures |
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 |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Seed-stage investments are directed toward North American startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors
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Founded Year | Domain | Location |
Investments & Acquisitions by Float Financial Solutions
Financial Statements - Float Financial Solutions
Float Financial Solutions Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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| domain | founded_year | HQ Location |
Corporate and fleet expense card solutions are provided for businesses.
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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 13, 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.