The people
What they build
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Working at Float
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About
Float began with an expense report. Nikolaev and Keglevich were interns at Shopify and Uber, asked to organise a company event and pay for it on their own cards, and built a product called Journal out of the University of Waterloo's Velocity incubator in response. Rob Khazzam met them in 2021 after five years at Uber, where he had filed a €150,000 expense report of his own while distributing tens of thousands of iPhones to drivers across Eastern Europe, and joined as co-founder and CEO. The product has since widened from corporate cards into a full business finance stack. Tiger Global led a US$30-million round in November 2021; Growth Equity at Goldman Sachs Alternatives led the $70-million CAD Series B announced in January 2025.
Backers
Growth Equity at Goldman Sachs Alternatives (Series B lead), Tiger Global Management, OMERS Ventures, FJ Labs, Teralys, Garage Capital
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Quick answers
What does Float do?
It gives Canadian businesses corporate cards, bank accounts, FX, bill pay and reimbursements on one platform, so finance teams do not stitch the stack together themselves.
Who founded Float?
Ruslan Nikolaev and Griffin Keglevich, both University of Waterloo computer science students, in 2019. Rob Khazzam joined as co-founder and CEO in March 2021.
How much has Float raised?
Its January 2025 Series B was $70 million CAD led by Growth Equity at Goldman Sachs Alternatives, taking the previous twelve months' total to about $120 million including a $50 million credit facility.