Toronto-based fintech Float has launched Float Business Accounts, touted as Canada’s first fintech-built business account offering zero fees, market-leading 4% interest, CDIC insurance, and instant liquidity. Founded in 2019, Float began with corporate expense management tools before expanding into yield accounts, bill pay, and reimbursements.
Its new accounts integrate with Float’s existing cards and software, creating a unified financial platform. Backed by $120 million in funding, including a $70 million Series B led by Goldman Sachs Alternatives, Float aims to modernize small-business banking. CEO Rob Khazzam says Canadian firms “don’t have to compromise” between speed, cost, and security.
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