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* Not a sponsored post
One of the most common pain points I hear from founders and finance teams is around company spending. Corporate cards. Reimbursements. Missing receipts. It’s the same story again and again, and it never really feels like it’s solved, does it?
Someone buys software with their personal credit card and then forgets to submit the expense. Or receipts show up weeks later (if at all). Or the only person with a company card is the CEO, so every small purchase has to funnel through them. It’s clunky and inefficient, and frankly, it just doesn’t make sense anymore.
This is why I wanted to talk about Float Cards. It’s a Canadian company that’s been growing incredibly fast, and for good reason. We’ve introduced it to a bunch of clients and I’ve seen, firsthand how much smoother things get when you move away from the old way of doing things.
Why Float Corporate Cards Stood Out to Me
There are plenty of tools that claim to “modernize” company spending, but what I like most about Float Cards is… it actually works. It’s not trying to reinvent finance in a flashy way - it just solves a bunch of the problems that used to eat up hours of people’s time.
With Float, you can spin up a prepaid corporate card in minutes. Physical or virtual. Want a card just for ad spend? Done. One for travel? Easy. Each card can have its own limits, and if something looks off, you can freeze it instantly.
The part I personally like most is the receipt capture. When someone makes a purchase, they’ll actually get a text message: “I noticed you shopped at Starbucks, please submit the receipt by responding to this message with an image of the receipt.” They reply with a photo, and that’s it. No chasing, no messy inbox of receipts weeks later. For the finance team (and for us as accountants) it makes reconciliation so much cleaner.
And the receipts don’t just sit there. Float links directly into accounting systems like Xero and QuickBooks Online so the whole workflow is smoother. The expense, the coding, the supporting document - it all flows into the ledger automatically. Instead of exporting CSVs or manually attaching receipts at month-end, the information is already there. It’s one of those integrations you almost forget is running in the background, but it’s the reason why month-end closes are faster and why teams can finally trust that nothing slipped through the cracks.
A Client Story
To give you an example: we work with a SaaS client that was scaling quickly. Their operations manager was fronting thousands of dollars a month on ad spend using his personal card. You can imagine how stressful that was: waiting for reimbursement, managing his own credit limits, hoping nothing slipped through the cracks.
The finance team wasn’t in a much better position. They’d constantly have to track down receipts, cross-check charges, and sort out duplicate payments. It was messy, and everyone knew it.
We rolled out Float, and within weeks the difference was obvious. Department heads got their own cards, each with a budget already attached. Receipts came in automatically. The finance team had visibility into what was happening, in real time.
And perhaps most importantly, the founder could stop worrying about whether company spending was happening “in the dark.” It was transparent and under control. Not perfect, of course, but light years ahead of where they were.
Why This Matters More Than You Think
Employees feel trusted. They don’t need to borrow someone else’s card or wait for reimbursements. Leaders feel more in control because they can actually see what’s being spent as it happens. Finance teams, meanwhile, stop spending hours chasing paperwork.
And then there are the extras that aren’t as obvious at first glance. Float has an expense management feature and even built-in reimbursements. There’s also a payment system that lets you handle bills directly. All of this lives in the same platform, which means less bouncing between tools.
It creates this ripple effect where everyone feels like things are finally working the way they should. And in my opinion, that’s worth a lot more than just “saving a bit of time.” It’s about peace of mind.
Some Questions I Get
People often ask me a few things when I bring up Float, so let me answer those quickly here.
Is it a credit card?
Not exactly. They’re prepaid, which means you’re not carrying debt - just spending the company’s money with guardrails.
Does it eliminate reimbursements?
Almost. There will always be the odd exception, but for most day-to-day spending, yes, it replaces the need for reimbursements.
Is it secure?
Very. Each person can have their own card, so you’re not sharing numbers around. And if you ever need to pause or cancel a card, it takes seconds.
Here’s where it gets even more exciting…
Float just announced Float Business Accounts. This takes everything a step further. Cards, reimbursements, bill payments - they’re now tying it all together with a single account where you can hold CAD and USD, earn interest, and move money across the border instantly at fair FX rates. That’s powerful because imagine being a Canadian company billing customers in the U.S. Today, you might wait weeks for wires to clear, pay high conversion fees, and park cash in a bank account that earns next to nothing. With Float Business Accounts, you could collect in USD, convert instantly at a competitive rate, and keep funds working for you until payroll or vendor payments are due.
It could be a real shift in how businesses manage money. And frankly, it’s about time.
Final Thoughts
Float isn’t the only tool out there but it’s one that I think more businesses should know about. I wouldn’t say it solves every single problem with corporate spending. Nothing does. But it’s made a noticeable difference for our clients and for our team. And to me, that’s enough reason to share.
Now, with Float Business Accounts in the mix, the platform feels less like just another expense tool and more like part of the financial backbone for businesses. Even if you start small - say, rolling out cards for department heads - you’re setting yourself up for a system that can grow with you.
For me, that’s the most exciting part. A Canadian-first platform that doesn’t just keep up with modern businesses, but helps shape the way they operate moving forward.
