Canadian fintech Float raises C$85m

Float Financial, a Canadian fintech platform that offers business finance solutions, has secured an impressive C$85 million in Series C funding, led by Inovia Capital and joined by Goldman Sachs. This influx of capital signals the growing confidence in the fintech sector and highlights the potential for innovative financial solutions to disrupt traditional banking services. With this funding, Float is likely to accelerate its growth, enhance its technology, and expand its reach in the competitive financial services market. This move underscores the increasing investment in fintech startups as they strive to modernize and streamline financial operations.