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Well Run profileThe Chase Pack · #112 of 720

Position 112

Float

Corporate cards, business accounts, bill pay and expense software for Canadian businesses

Pace
4:05/kmRace4.5
Distance
Distance Half.
Open ops roles
4
Last week
#95
Move
▼ 17
Peak
#95
Weeks in the 100
1
The Chart →
Rank and score over time
Board rank
#85#102#119#95Oct 18#109Oct 25
Pace score
02464.5Oct 184.5Oct 25

One point per Sunday re-rank, tracking since Oct 18. The lines fill in week by week.

Sprint 3:30/kmRamp
Race 4:05/kmFloat
Tempo 4:40/kmBrex
Steady 5:20/km
Warm-up 6:00/km
Cool-down 6:30/km
Float runs in the Race lane. Rivals on Well Run sit in their own pace lanes; further right = more momentum. Tap one to open its page.Also competes with: Expensify, Canadian big banks (RBC, TD)
Revenue estimate
Revenue up 120% since Jan 2025 Series B (>C$30M at that time)company-stated · as of Jun 2026 floatfinancial.com ↗
Total raised
~C$300M incl. debt and equity (company-stated)see rounds ↓
HQ
Toronto, ON, Canada

Leadership

The problem

Canadian finance teams juggle slow banks and US tools that don't handle CAD, provincial taxes or French

What they do

Corporate cards, business accounts, bill pay and expense software for Canadian businesses

Traction Revenue +120% and customers doubled to 7,500+ since Jan 2025 Series B; >C$30M revenue then

Hiring trend

Open roles
21
Ops roles
4
Headcount
~170

Headcount ~100 (Jan 2025) → ~150 (Jan 2026) → ~170 (Jun 2026); 21 open roles

Hiring in

  • Toronto
  • Calgary
  • Remote (Canada)

Funding

Last round
C$85M (~US$61M)
Stage
Series C
Date
Jun 2026

Led by Inovia Capital (Series C); Goldman Sachs Alternatives (Series B)

Distance

Half · edge: hard to leave

Canada's homegrown leader in spend management (7,500+ businesses, about a third using more than one product, cash balances up 4.5x), but Ramp entered Canada in Jul 2026 with far more capital.

Sources: Float: C$85M Series C, customers and revenue since Series B (Jun 2026) ↗ · Fintech.ca: Ramp brings finance platform to Canada, opens Toronto office (Jul 2026) ↗

Last checked Oct 25, 2026

News timeline

  1. Oct 2026Launched Float Payments: card bill pay, 21-currency vendor payments, free EFT/ACH linkedin.com ↗
  2. Jul 2026Rival Ramp brings its finance platform to Canada fintech.ca ↗
  3. Jun 2026Raised C$85M Series C led by Inovia Capital floatfinancial.com ↗
  4. Apr 2026Launched Float Intelligence, AI trained on Canadian transactions floatfinancial.com ↗
  5. Jan 2026Became a member of Payments Canada betakit.com ↗

Funding historyTotal raised ~C$300M incl. debt and equity (company-stated)

  1. Jun 2026Series CC$85M (~US$61M)at +70% vs Series B (undisclosed)Led by Inovia Capital floatfinancial.com ↗
  2. Jan 2025Series BC$70MLed by Goldman Sachs Alternatives (Growth Equity) businesswire.com ↗
  3. Feb 2024Debt$50M credit facilityLed by Silicon Valley Bank bnnbloomberg.ca ↗
  4. Nov 2021Series AUS$30Mbnnbloomberg.ca ↗

Profile facts checked Oct 19, 2026. Every fact links to its public source.

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