Float

Float's business model revolves around providing a seamless platform for managing, tracking, and reconciling business expenses in both Canadian and US dollars. The platform allows businesses to issue unlimited virtual cards to vendors and employees, with the flexibility to add funds as needed and set spending limits. This gives businesses greater control over their expenses and helps prevent unapproved spending.

The company also offers a unique feature where businesses can earn 4% on their cash balance in both CAD and USD. This is a significant departure from traditional banking services, which typically offer much lower interest rates.

Float's platform also includes a feature for real-time reporting, allowing businesses to quickly react to changes in spending patterns and market trends. This feature can help businesses spot anomalies in their spending and identify potential savings.

The company generates revenue through subscription fees for its platform and services. It also earns from the interest generated from the cash balances held by its clients.

Float prides itself on its customer support, promising fast and friendly assistance to its users. The platform is trusted by thousands of leading Canadian companies, indicating a strong market presence and customer trust.

In summary, Float is a modern solution for automating business spending while retaining control, offering flexibility and cash flow that traditional banks may not be able to provide.