Float Secures Close to $100M in Funding to Unlock Over $1.5B in Spending Power for Canadian Businesses

Float Secures Close to $100M in Funding to Unlock Over $1.5B in Spending Power for Canadian Businesses

New funding from world-class financial institutions, including Silicon Valley Bank, empowers Float to offer the best rates in Canada with up to 4% interest, alongside expanded working capital solutions.

Float Raises $73 Million for Canada-Focused Working Capital Tools

Canada-based business finance platform Float Financial raised nearly 100 million Canadian dollars (about $73 million) in new funding.

Float secures nearly $100 million in debt to expand credit products for Canadian businesses

Toronto-based Float Financial has secured nearly $100 million CAD in debt as it hopes to expand the scope and flexibility of its financial products for Canadian small businesses.  “We all want the Canadian economy to win.”   Rob KhazzamFloat Float said the new funds, which the company announced today, will allow it to continue offering four-percent interest on client deposits, and scale its interest-free credit product for small and medium-size…