Goldman Sachs Alternatives led a CAD70m Series B round in Float Financial.

Goldman Sachs Alternatives, an investment firm, led a CAD70m Series B round in Float Financial, a business finance platform for Canadian businesses, with participation from OMERS Ventures, FJ Labs, Teralys and Garage Capital. “Our financial system needs to match the speed and ambition of Canadian businesses if we want to thrive locally and compete globally. Float’s mission is simple: cut through the red tape and give businesses the financial tools they need to move faster. To access more opportunities. And to do it all easily, with the click of a button. Today, 4,000 businesses use Float to manage team spend, earn high-interest on cash reserves and save days of manual reconciliation. This investment will fuel our mission to support thousands more with the financial solutions they need to lead Canada into the future,” Rob Khazzam, Float CEO.