Fintech startup Float has announced the expansion of its product portfolio with Float Bill Pay and Float Reimbursements, making it the first business finance platform in Canada to offer an end-to-end solution for non-payroll spending. Float claims to drive up to 7% savings on corporate spend by offering 1% cashback, a 4% yield on business balances, and eliminating FX fees.
Float’s platform now integrates reimbursements, corporate cards, a credit facility, and various payment methods into a single system, streamlining business spending management. Earlier this year, Float secured a $50 million credit facility from Silicon Valley Bank to expand its Charge Card program.
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