Floatcard

Float (Float Financial; corporate entities Float Technologies Inc. and Float Financial Solutions Inc.) operates a financial operations platform for Canadian businesses combining corporate cards, expense management, bill payment, business accounts and foreign exchange. Customers can issue unlimited physical and virtual cards in CAD and USD, either pre-funded from a Float balance or drawing on an interest-free, unsecured credit product called Float Charge, with spending rules and approval workflows applied before spend occurs. Card limits are linked to the company's bank balances rather than granted through a traditional credit application, and cards are accepted anywhere Visa is accepted.

The platform automates accounting work through automatic receipt reminders and matching, AI transaction coding trained on Canadian transactions, and integrations or exports to QuickBooks Online, Xero, NetSuite and Sage, alongside HR and productivity tools and a custom API. Adjacent products include business accounts paying variable interest on CAD and USD balances with funds held in trust accounts and CDIC coverage on eligible deposits, CAD/USD conversion, accounts payable via wire transfer and EFT/ACH, purchase cashback, zero-liability fraud protection with fraud-pattern alerts, and iOS and Android apps for receipt capture, reimbursement requests, limit requests and card visibility. A free Essentials plan sits alongside paid tiers.

Float markets itself as purpose-built for Canadian tax, currency and regulatory requirements in contrast to platforms designed for the US market, with same-day card issuance requiring no personal guarantee or branch visit, Canadian compliance expertise, and bilingual Canada-based support.

Founding story

Co-founders Rob Khazzam, Griffin Keglevich and Ruslan Nikolaev launched Float after carrying thousands of dollars of company expenses on personal credit cards, struggling to collect receipts and waiting 60 to 90 days for reimbursement — problems they set out to solve with a corporate card paired with spend controls and accounting automation.

Business model

Float sells a SaaS spend management platform bundled with card issuance and money movement services under a tiered pricing model that includes a free Essentials plan for spend control and payments plus paid plans. Terms of service cover SaaS services, professional services such as consulting and training, and card programs issued through partner issuers.

Sources describe subscription plan tiers (including a $0 Essentials plan), foreign exchange conversion fees stated as roughly 90% below bank rates, and payment products such as wire transfers with free EFT/ACH; interest paid to customers on balances and cashback on card spend are offered as customer benefits.

Traction

Float reports more than 10,000 customers, with over 30% using more than one Float product, and states that customers saved 500,000 hours in 2025 through automation and elimination of expense reports. Its iOS app holds a 4.8 rating from 74 ratings on the US App Store and receives frequent releases. Customer testimonials cite savings of over 100 hours per year and account activation within 48 hours of signup.

Latest developments

The website promotes a limited-time 3% cashback offer on eligible AI spend and an interest boost promotion with 2026 terms, alongside Float Charge interest-free unsecured credit, high-yield business accounts paying up to 3.5% interest, and Float Intelligence AI features including the Transaction Coding Agent. Terms of service were last updated in August 2026, and the mobile app has shipped regular releases through 2026.