According to a BusinessWire press release, Float Financial closed a CAD 85 million all-equity Series C led by Inovia Capital. Betakit and The Globe and Mail report CAD 75 million of the round has closed, with the remaining CAD 10 million expected to close in the coming weeks. BusinessWire and Betakit report the financing brings Float's total debt and equity funding to CAD 300 million and that the company serves more than 7,500 Canadian businesses with revenue growth above 120% since its Series B. Betakit reports a CAD 550 million post-money valuation while The Globe and Mail cites roughly CAD 548 million. BusinessWire says new capital will advance Float Intelligence, expand in Western Canada and Quebec, and fund hiring. Editorial analysis: For practitioners, the raise follows a wider pattern of mid-stage fintechs using late-stage capital to embed AI automation into finance workflows.
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