Earlier this year, Toronto-based Float made waves when secured nearly $100 million in financing (following a a $70 million Series B in 2025), with much of that capital earmarked for product enhancements and expansions. [Read more…] about Float Intelligence Automates Away ‘Everyday Friction’ for Businesses in Canada
Float
Brim, Float, Koho, Paramount, and Wise Join Payments Canada
Payments Canada has admitted five new payment service provider (PSP) members—Wise, Float, KOHO, Paramount Commerce, and Brim—marking another step in opening Canada’s core payments infrastructure to fintechs ahead of the launch of the Real-Time Rail (RTR). [Read more…] about Brim, Float, Koho, Paramount, and Wise Join Payments Canada
Float Lands $100M to Scale Business Banking
Toronto-based Float has secured nearly $100 million in debt financing through two facilities from Silicon Valley Bank, a division of First Citizens Bank, and an undisclosed tier-1 Canadian bank. [Read more…] about Float Lands $100M to Scale Business Banking
Fintech Firms Lead Deloitte’s 2025 Technology Fast 50 Rankings
Canadian fintech companies took centre stage in Deloitte Canada’s 2025 Technology Fast 50 program, which celebrates the country’s fastest-growing technology innovators. Now in its 28th year, the program recognizes entrepreneurial excellence and the resilience driving Canada’s innovation economy. [Read more…] about Fintech Firms Lead Deloitte’s 2025 Technology Fast 50 Rankings
Float Challenges Banking Status Quo with Launch of All-in-One Business Accounts
In a bold move set to redefine Canadian business banking, fintech innovator Float today unveiled Float Business Accounts, billed as the country’s first fintech-built account offering zero fees, instant liquidity, market-leading interest, and CDIC insurance — all in one streamlined solution. [Read more…] about Float Challenges Banking Status Quo with Launch of All-in-One Business Accounts
Float’s Latest Fintech Solution Targets Canadian Firms Tapping U.S. Markets
Float has launched a new solution that enables Canadian businesses to instantly convert funds at rates up to 90% lower than traditional banks. [Read more…] about Float’s Latest Fintech Solution Targets Canadian Firms Tapping U.S. Markets
Five Fintechs Garner Accolades from CIX Startup Awards Ahead of Summit
This year’s recipients of the CIX Startup Awards, a showcase of Canada’s rising stars selected by North American investors, have been revealed. [Read more…] about Five Fintechs Garner Accolades from CIX Startup Awards Ahead of Summit
Float Financial Secures $70 Million Round by Goldman Sachs
Toronto-headquartered Float Financial has raised $70 million in a Series B funding round led by Growth Equity at Goldman Sachs Alternatives. [Read more…] about Float Financial Secures $70 Million Round by Goldman Sachs
Small Businesses in Canada are Grappling with ‘Significant Challenges,’ Finds Financial Report from Float
Small and medium businesses in Canada are grappling with “significant financial and operational challenges,” finds a recent survey. [Read more…] about Small Businesses in Canada are Grappling with ‘Significant Challenges,’ Finds Financial Report from Float
Geographical Diversity in Financial Technology: Canada’s Fastest Growing Fintechs Span Nation
A financial technology firm is Canada’s fastest growing company.
Calgary’s Neo Financial claimed top spot in Report on Business magazine’s annual ranking of Canada’s Top Growing Companies for 2024 thanks to three-year revenue growth of 38,000%. [Read more…] about Geographical Diversity in Financial Technology: Canada’s Fastest Growing Fintechs Span Nation