Float Financial raises $70 million from Goldman Sachs, OMERS among others
- Float Financial raised $70 million in a funding round led by Goldman Sachs, with participation from OMERS Ventures and others, bringing total venture funding to $92.6 million since 2020.
- Float Financial focuses on Canadian SMBs, claiming they are overlooked due to Canada's banking monopoly, said CEO Rob Khazzam.
- The company has seen significant growth, with revenue increasing by 50 times and total payment volume by 45 times since its previous funding round.
- Float plans to use the new capital for product expansion and hiring, despite not being profitable yet, according to Khazzam.
25 Articles
25 Articles
Float rises to top of Canadian startup class with Goldman Sachs-led $70-million funding
Float has kept up its torrid growth pace, topping $30-million in annual revenues and 4,000 customers across Canada, and avoided sweeping layoffs while keeping its headcount to about 100 people
Goldman Sachs Leads $70M Investment in Canadian Fintech Float Financial | Fintech InShorts: Latest fintech news, analysis by experts
Float Financial Secures Series B Funding to Expand Business Finance Solutions Highlights: $70 million Series B funding round led by Goldman Sachs. Float Financial offers expense management software, corporate cards, and high-yield accounts. Plans to expand product suite and attract top talent. Summarized Story: Goldman Sachs has led a $70 million Series B funding round for Float Financial, a Canadian fintech company. Float Financial, which offe…
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