Friday, February 23, 2024
Velocity-linked software company Float has secured $50 million in financing from Silicon Valley Bank to expand its financial services offerings to customers.
The startup, which specializes in full suite corporate expense management software and cards, simplifies finance teams’ management of expense accounting. It serves businesses of up to 500 people, and some of Float’s 3,000-plus corporate clients include Neo Financial, Knix, Clutch and Nerva Energy.
Co-founders Ruslan Nikolaev (BCS ‘20) and Griffin Keglevich says that by raising this capital, the company is positioned to attract more customers by expanding its underwriting capabilities.
Read the full story from Waterloo News to learn more.