Toronto-based fintech Float has secured nearly $100 million in non-dilutive debt financing from Silicon Valley Bank, a First Citizens division, and a tier-one Canadian bank. The facilities will expand high-yield business accounts, raise base interest to three percent, and maintain rates up to four percent.
Float will also scale its Charge working capital product, unlocking $1.5 billion in annualized spending power. CEO Rob Khazzam said the funding injects capital into Canada as businesses face margin pressure and cautious borrowing. The platform now serves 6,000 organizations nationwide. Confidence lenders underscores momentum.
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