Float Financial, a Canadian fintech offering expense management and corporate card solutions, raised US$48.5 million in a Series B round led by Goldman Sachs. The funding will support its expansion within Canada and enhance its product offerings, including bill pay, high-yield accounts, and accounts payable automation. Float differentiates itself from U.S. competitors like Brex and Ramp by focusing exclusively on Canadian SMBs, addressing gaps left by the country’s banking system.

Float Financial Lands $48.5M Series B