About Float
Float is a company based in Toronto (Canada) founded in 2019 by Griffin Keglevich, Rob Khazzam, and Ruslan Nikolaev. It operates as a FinTech, and SaaS (Software-as-a-Service). Float has raised $48.8 million across 3 funding rounds from investors including Goldman Sachs, FJ Labs and OMERS Ventures. Float offers products and services including Corporate Cards, Expense Management, Bill Pay, and High Yield Accounts. Float operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.
- Headquarter Toronto, Canada
- Founders Griffin Keglevich, Rob Khazzam, Ruslan Nikolaev
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Float Financial Solutions Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$48.8 M (USD)
in 3 rounds
-
Latest Funding Round
$72.97 M (USD), Debt – Conventional
Jan 26, 2026
-
Investors
Goldman Sachs
& 6 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Float
Float offers a comprehensive portfolio of products and services, including Corporate Cards, Expense Management, Bill Pay, and High Yield Accounts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-limit corporate cards are provided for business spending.
Team spending is managed with automated expense software.
Accounts payable processes are automated for efficient payments.
Business accounts are offered with up to 4% interest.
Unlock access to complete
Operations Team
5 people
Leadership Team
5 people
Sales and Marketing
5 people
Product Management Team
4 people
Legal and Compliance
3 people
Finance and Accounting
3 people
Software Development Team
2 people
Human Resources and Administration
2 people
Unlock access to complete
Funding Insights of Float
Float has successfully raised a total of $48.8M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $72.97 million completed in January 2026. 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 3
- Last Round Debt – Conventional — $73.0M
-
First Round
First Round
(01 Feb 2024)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Debt – Conventional - Float | Valuation |
investors |
|
| Jan, 2025 | Amount | Series B - Float | Valuation | Goldman Sachs | |
| Feb, 2024 | Amount | Debt – Conventional - Float | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Float
Float has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, FJ Labs and OMERS Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment banking services are delivered across multiple financial sectors.
|
Founded Year | Domain | Location | |
|
Early-stage technology-driven companies are targeted for venture capital investments.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Float
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Float
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Float Comparisons
Competitors of Float
Float 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 Intuit, Visma, Clear, Wave and Xero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
|
|
| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
|
|
| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
|
|
| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
|
|
| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
|
|
| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Float
Frequently Asked Questions about Float
When was Float founded?
Float was founded in 2019 and raised its 1st funding round 5 years after it was founded.
Where is Float located?
Float is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Float?
Rob Khazzam is the current CEO of Float. They have also founded this company.
Is Float a funded company?
Float is a funded company, having raised a total of $48.8M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $50M, raised on Feb 01, 2024.
What does Float do?
Float is engaged in offering financial solutions tailored for Canadian businesses. Services include corporate cards with high limits, expense management software, automated bill payments, and high-yield business accounts. The company operates in the FinTech sector, focusing on simplifying spend management for various industries such as non-profits, hospitality, e-commerce, and digital agencies. Innovative tools and real-time reporting are provided to enhance financial control and efficiency for CFOs, CEOs, and accountants.
What products or services does Float offer?
Float offers Corporate Cards, Expense Management, Bill Pay, and High Yield Accounts.
Who are Float's investors?
Float has 7 investors. Key investors include Goldman Sachs, FJ Labs, OMERS Ventures, Teralys Capital, and Garage Capital.