Float, Canada’s leading business finance platform, has raised nearly $100 million in new capital to expand access to short-term financing for Canadian small businesses, unlocking over $1.5 billion in aggregate spending power. The influx of funds will help Float grow its lending products and support more enterprises managing cash flow and working capital needs. This underscores the continued appetite for fintech-driven specialty finance solutions that target underserved commercial borrowers.

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