Float Financial, which aims to be the Brex of Canada, lands US$48.5M Series B

Quick Summary:

Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5 million in a Series B funding round.

The raise brings Float Financial’s total venture funding to US$92.6 million since its 2020 inception.

The company declined to reveal valuation, noting only that it was an “up round” from its US$30 million Series A raise led by Tiger Global in November of 2021.

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Article Details

Author / Journalist: Mary Ann Azevedo

Category: Technology

Markets: United StatesCanada

Topics: Fintech Float financial Startups Corporate cards Expense management Fundraising Goldman Sachs

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 13:00:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 626 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 25105685

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