Float Financial Raises CAD $85 Million Series C to Build Canada’s Intelligent Financial Operating System

Float Financial Raises CAD $85 Million Series C to Build Canada’s Intelligent Financial Operating System

Float Financial announces a CAD $85 million Series C, led by Inovia Capital with continued investment from Goldman Sachs, raising the company’s valuation 70% as it expands coast to coast and deepens its proprietary AI layer.

Inovia Capital leads this CAD $85 million all-equity Series C with continued participation from Goldman Sachs Alternatives and Garage Capital, and new investment from BDC Capital and Northleaf.

Since closing its Series B, Float has grown its active customer base 100% to more than 7,500 Canadian businesses, grown revenue over 120%, and was named the fastest-growing fintech in Canada on the Globe and Mail’s Top Growing Companies list.

Float will use the investment to advance Float Intelligence, its proprietary AI layer, expand across Western Canada and Quebec, and increase talent density through strategic hiring.