2023年5月10日

多倫多FinTech如何啟動和其他人保持漂浮鬥爭說。分享:本周,多倫多浮動推出了一個新版本的公司信用卡在看到一個在過去一年中大幅增長的時期。第二個版本的卡片是浮動首次推出兩年後,並遵循4 x增加其收入。浮動聲稱它已經幫助了成千上萬的客戶,每月處理超過140000個交易。浮動為加拿大公司提供銀行解決方案。除了公司卡,啟動還提供了企業的支出管理平台,可以匹配交易收據。該平台還可以與Quickbooks集成,鑫元鴻和NetSuite。2022年推出了支持美元浮動時,其客戶增加了5 x和8 x的交易量。浮動屬性這種增長為其客戶提供價值的空間,由銀行小企業往往覺得缺醫少藥。不利的市場條件下壓製了公司的財務狀況,浮動說這個新產品是為了為加拿大企業提供更大的靈活性和管理他們的團隊消費。 Some of the new features of “Float Cards 2.0” include merchant and category restrictions, temporary spending limits, and one-time use cards. For example, companies can assign a virtual Float card to their marketing manager for their ad spending. Using Float’s new card, businesses can assign a recurring limit for their monthly budget, and create or approve a temporary limit for things like short-term marketing campaigns. Additionally, Float said its new product is the only card offering in Canada that enables corporate finance teams to issue cards with $0 balances and only load funds when needed. The next-generation cards are also available in both CAD and USD. Float launched its USD smart corporate cards in October 2022, extending the capabilities of its banking solutions to support transactions in American currency. According to Float, that expansion increased its customers by 5x and its transaction volume by 8x. Float also said its USD card has become a core part of its business, as it accounts for nearly 20 percent of total spending across its products. In 2022, Float launched its credit offering named “Charge Card,” allowing businesses to apply for up to $500,000 in unsecured 30-day credit terms to help their clients extend their cash runway. Like its USD cards, Float said its credit product saw “exceptional takeup,” with 7x customer growth and 10x growth in payment volume since its introduction. Despite all signs pointing towards growth, however, Float has not been immune to the effects of the economic downturn . Float CEO Rob Khazzam noted in October that the startup has been cautious about its own spending. Float has raised sizeable funding rounds in the past, when venture funding flowed to startups in larger volumes . In 2021 alone, Float raised $37 million CAD in its Series A round led by Tiger Global, as well as $5 million in seed funding. Float also quietly raised additional capital from some of its existing investors in the following months. As venture capital dried up in the last year however, a number of startups in FinTech and other technology sectors faced liquidity issues. In April, banking apps Pillar and Billi shut down their businesses as both startups cited they were unable to secure the funding needed to continue operations. Nuula, which aimed to build a “super app” of financial services for small and medium-sized businesses, saw its Series A round collapse in October 2022. This led to Nuula’s sale to United States-based Nav Technologies earlier this year. Featured image courtesy Float.