A company founded by two University of Waterloo graduates is on track to become a giant in the Canadian B2B credit card market.
Float, which was co-founded by Cheriton School of Computer Science alums Griffin Keglevich and Ruslan Nikolaev, recently brought in a whopping $37 million CAD in new investments.
The company’s third co-founder and current CEO, Rob Khazzam, who joined Float in March 2021, brings a wealth of experience in business and finance, having previously worked for Uber and various venture capital advisory firms.
Float co-founders: Griffin Keglevich, Ruslan Nikolaev and Rob Khazzam. Image: floatcard.com
The company was created out of work the two former students did with the University of Waterloo’s startup incubator, Velocity.
“Float has shown tremendous growth since their time at the Velocity incubator and this new round of investment puts them on the path to join other Canadian unicorns in a few years,” said Adrien Côté, Velocity’s executive director.
“Often with start-ups, it comes down to a team committed to finding the right opportunity and we're honoured that Velocity could support the Float team as they found their early path to success.”
Read more on Waterloo News.