Float, a Toronto, Canada–based financial technology company, has secured nearly CAD $100 million in debt facilities.
Investors
The funding comes from Silicon Valley Bank (SVB), a division of First Citizens Bank. SVB serves some of the world’s most innovative companies and investors, offering commercial banking to businesses in technology, life sciences, healthcare, private equity, and venture capital. With a presence in key U.S. innovation hubs, SVB leverages deep sector expertise, insights, and connections to meet the specialized needs of its clients.
Float Use of Funds
The funds will enhance Float’s business account product, corporate card offerings, and working capital solutions.
About Float
Float is a business finance platform that offers high-yield business accounts, corporate cards, flexible working capital, and integrated financial tools specifically designed for Canadian businesses. Designed for small and medium enterprises, Float combines competitive interest rates, automated expense management, and fast, transparent credit solutions—all in a single, easy-to-use platform. Founded in 2025, Float serves thousands of businesses across the technology, professional services, retail, hospitality, and non-profit sectors.
Funding Details
Company: Float Financial Solutions Inc.
Raised: CAD $100.0M
Round: Debt Financing
Funding Date: January 2026
Investor: Silicon Valley Bank
Company Website: https://floatfinancial.com/
Software Category: Fintech / Business Banking / Working Capital
Source: https://www.businesswire.com/news/home/20260126794495/en/