Toronto-based Float Financial has appointed former BDC Capital partner Jack Fraser as its first chief financial officer. Fraser joins months after leading BDC’s investment in Float’s C$85 million Series C round.
His appointment brings operating experience from CFO roles at luxury retailer SSENSE and travel company itravel2000. At BDC Capital, Fraser backed businesses including Cohere, KOHO, Hopper, and Super.com.
Float provides corporate cards, expense management, payments, and other financial tools for Canadian businesses. The hire comes as the company expands its use of artificial intelligence, bringing an investor familiar with its business into a senior role overseeing its financial operations.
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