Financial Services

Float in its closing of a $50 million credit facility from Silicon Valley Bank

Float
Key Contact
Rick Fullerton

Partner, Financial Services, Toronto

Team
Warren Ng

Counsel, Financial Services, Toronto

Aya Refaat

Associate, Financial Services, Toronto

Kristin Mead

Articling Student, Toronto

Jennifer Humphrey

Associate, Emerging and High Growth Companies, Toronto

Bryan Salazar

Associate, Emerging and High Growth Companies, Toronto

On February 13, 2024, Float announced that it closed a $50 million credit facility from Silicon Valley Bank. This capital will allow for Float to expand its no-personal-guarantee credit program, Charge Card, which will offer small and medium sized businesses up to 30 days of interest-free funding.

Float is a financial technology start-up.

Osler, Hoskin & Harcourt LLP advised Float with a team consisting of Rick Fullerton, Anxhela Adhamidhis, Warren Ng, Aya Refaat, Kristin Mead (Financial Services), Jennifer Humphrey and Bryan Salazar (Emerging and High Growth Companies).

Value
$50 million
Date Announced
Feb 13, 2024
Lead Office
Toronto
Key Contact
Rick Fullerton

Partner, Financial Services, Toronto

Team
Warren Ng

Counsel, Financial Services, Toronto

Aya Refaat

Associate, Financial Services, Toronto

Kristin Mead

Articling Student, Toronto

Jennifer Humphrey

Associate, Emerging and High Growth Companies, Toronto

Bryan Salazar

Associate, Emerging and High Growth Companies, Toronto