Float Financial, a Toronto-based fintech startup specializing in expense management and corporate cards for Canadian SMBs, has raised $48.5 million in a Series B funding round led by Goldman Sachs Growth Equity. This funding aims to enhance its product offerings and regional presence. Since its inception in 2020, Float has attracted a total of $92.6 million in venture funding. CEO Rob Khazzam emphasizes the company's unique focus on the Canadian market, countering recent media claims about investment challenges in Canada. The firm sees significant growth with a reported 50x revenue increase since its last funding round.