Float Financial Alternatives: Best Platforms for Corporate Cards, Bill Payments, & More

As we like to say, top priorities for today’s business owners are to “send, spend, and get paid”! 

All this is made easier with the right tools in your toolbox, including invoicing and expense management software, automated accounting, and detailed financial reports. And for these, Float Financial tends to be one of the top contenders.

Float has carved out a strong niche in helping businesses manage their finances, offering everything from corporate cards to seamless bill payments. But while Float is a solid option for many business owners, it’s not the only game in town. 

Let’s take a look at some of the top Float Financial alternatives that could better serve your business goals.

What is Float Financial?

Float Financial is a spend management platform designed to simplify business finances. Unlike traditional banks, Float offers high-limit corporate cards, reimbursements, and accounting automation tools, all accessible through a single, intuitive interface. Their platform supports both Canadian dollars (CAD) and U.S. dollars (USD), allowing businesses to manage expenses seamlessly across borders.

Float's services are tailored to meet the needs of Canadian companies, offering features like unlimited virtual and physical corporate cards with no personal guarantees, automated receipt capture, and real-time spend tracking. With integrations to accounting software such as QuickBooks, Xero, and NetSuite, Float aims to streamline financial operations and provide greater control over company spending.

Float Financial - Pros & Cons

Float Financial is a powerful platform for business financial management, but like any solution, it comes with both advantages and limitations. Here’s a breakdown of the key pros and cons:

Pros:

• Float provides both physical and virtual corporate cards, along with spend controls, which help businesses better manage and track expenses in real-time.
• Businesses can earn up to 4% interest on their cash balances, making it an attractive option for companies looking to optimize their financial returns.
• Float integrates easily with major accounting software like QuickBooks, Xero, and NetSuite, helping automate processes and reduce manual work for finance teams.
• The platform supports both CAD and USD transactions, enabling businesses to operate seamlessly across borders without the need for multiple accounts or services.

Cons:

• Float supports multi-currency accounts in CAD and USD, but businesses dealing with other currencies may find the platform restrictive.
• While Float offers expense management tools, they may be less comprehensive compared to platforms with advanced features, such as multi-tier approval workflows and customizable reporting.
• Float integrates with QuickBooks Online, Xero, and NetSuite. Businesses using other accounting software may encounter limitations or be required to rely on manual data exports.
• To utilize Float's services, businesses must connect a bank account, which may add complexity for those without compatible banking relationships.
• Float offers 1% cashback on card spend over $25,000 per month. Businesses spending less than this threshold do not qualify for cashback rewards.

Why Consider Float Financial Alternatives?

As your business evolves, so do its financial needs. 

For companies expanding internationally, Float's limited currency support may no longer suffice. Additionally, if managing expenses across teams and streamlining approval processes has become challenging, it could indicate the need for a more efficient solution.

Many businesses outgrow Float when they require deeper accounting integrations, smarter automation, or a more centralized financial overview. In such cases, platforms that combine spend management, accounting automation, custom invoicing, and real-time reconciliation into a single unified system offer a more scalable solution.

If you're seeking greater control and efficiency over your financial processes with comprehensive currency support, it may be time to explore platforms designed for your business’s future growth.

Now is a great time to research popular alternatives to Float.

What Are the Best Float Financial Alternatives?

Float Financial is always a good option, but depending on your business needs, other platforms may offer a better fit. Here are the top Float Financial alternatives to consider:

1) Venn

Venn is an all-in-one financial platform that combines business accounts, advanced expense management, and multi-currency payments, streamlining operations for Canadian businesses. Unlike Float, Venn offers broader features like accounts payable automation, real-time currency conversion, custom invoicing, and deep accounting integrations.

• Strengths: Venn automates financial workflows by combining multi-currency payments, expense tracking, corporate cards with cashback, invoicing, and real-time reporting, saving time and improving accuracy.
  
• Best for: Growing companies needing a unified platform for cross-border payments, automated reconciliation, and detailed financial insights.
  
• Notable Edge: Venn combines seamless integrations, real-time FX rates, multi-currency support (CAD, USD, GBP, EUR), automated accounting, invoicing, and advanced automation. These features make Venn the only solution you need to streamline your business finances, improve efficiency, and scale rapidly, all while maintaining compliance and full control.
  

2) Loop Financial

Loop offers a complete suite of financial services designed to streamline global operations for businesses. It specializes in cross-border payments and multi-currency accounts, making it an ideal solution for businesses with international needs.

• Strengths: Cross-border payment solutions, working capital support, and FX tools built for Canadian SMBs.
  
• Best for: Canadian e-commerce companies requiring global payment capabilities.
  
• Notable Edge: Trade finance tools and multi-currency credit lines.

3) Keep

Keep Technologies offers a streamlined approach to expense management, focusing on providing businesses with corporate cards, credit limits, and robust policy controls. Keep simplifies spending and approvals, empowering businesses to automate workflows, enforce spending rules, and gain real-time visibility into expenses, while offering flexible credit solutions.

• Strengths: High credit limits with lower requirements, scalable spend controls, and seamless integration with accounting tools.
  
• Best for: Startups and growing Canadian businesses seeking flexible credit options with fewer approval requirements.
  
• Notable Edge: High credit limits with low approval requirements, making it ideal for startups needing credit to manage cash flow effectively.
  

4) Wise

Wise is a financial platform that provides transparent multi-currency accounts, offering businesses competitive FX rates and low-cost international transfers. With a focus on reducing fees and simplifying cross-border payments, Wise makes it easy for businesses to manage global finances efficiently.

• Strengths: No hidden fees, real exchange rates, and simple global transfers.
  
• Best for: Companies making frequent international payments or managing global payroll.
  
• Notable Edge: Market-leading FX pricing with a focus on simplicity and speed.
  

5) Koho

Koho is a financial platform offering prepaid Visa cards, real-time expense tracking, budgeting tools, and integrations with accounting software like QuickBooks. Koho helps businesses manage their finances by providing employees with prepaid cards and spending control features, making it an ideal solution for small to medium-sized businesses.

• Strengths: Prepaid Visa cards, budgeting tools, real-time expense tracking, and accounting integrations.
• Best for: SMBs and entrepreneurs looking for simple, low-cost solutions for managing employee spending, budgeting, and basic financial tracking.
• Notable Edge: Prepaid Visa cards with spending controls and real-time transaction tracking, offering easy expense management for businesses with simple financial needs.

6) SplitIt

SplitIt allows businesses to offer installment payments on B2B purchases using existing credit cards, providing a flexible payment solution that enhances cash flow without incurring additional debt. This innovative approach helps businesses manage large purchases while maintaining financial flexibility.

• Strengths: Flexible payment solutions with no new credit required for buyers.
  
• Best for: Companies seeking better purchasing flexibility or looking to offer more payment options to clients.
  
• Notable Edge: No-interest installment model using existing business credit cards.
  

Venn - The Best Float Financial Alternative 

Looking for the best Float Financial alternative? You’ll find everything you need with Venn!

While Float focuses on corporate cards and expense controls, Venn takes a broader approach, combining multi-currency accounts, advanced accounting integrations, and complete expense management into one unified platform. Venn is purpose-built for Canadian businesses looking to centralize their financial operations, with deeper visibility, automation, and real-time control across spend, payables, and reporting. If you’re seeking to replace fragmented finance tools with a single, integrated solution, Venn offers a compelling edge over Float.

To help you compare, here’s a breakdown of how the two platforms stack up across key features:

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Venn - More Than Just Corporate Cards

While Float offers reliable corporate cards with spend controls, Venn’s card program goes further, integrating seamlessly with a centralized finance platform. 

Venn’s virtual cards come with dynamic budgets, real-time FX capabilities, and built-in policy enforcement.

This means every card transaction isn’t just recorded, it’s part of a broader financial strategy. With features like category-based limits, automatic expense categorization, and instant sync to your finance system, Venn turns each card swipe into a controlled, visible, and trackable financial action. By embedding corporate cards into a fully connected finance workflow, Venn gives finance teams deeper control while enabling employees to spend confidently within guardrails.

Venn Excels in Expense Management

While Float primarily focuses on expense approvals and card-based spend tracking, Venn provides a more comprehensive solution that covers all aspects of expense management. Venn’s platform integrates corporate card management with invoice tracking, spend requests, pre-approvals, and reconciliation, all within a unified system.

With Venn, businesses can automate expense categorization, enforce real-time spending policies, and maintain a complete audit trail for every transaction. This ensures that every financial action is controlled, transparent, and easily auditable.

Venn’s expense workflows are specifically designed to support complex team structures and growing transaction volumes, making it an ideal choice for businesses looking to scale efficiently without increasing finance team overhead.

Why Choose Venn?

Businesses should choose Venn because we offer a complete financial operations platform that simplifies and centralizes the way you manage your money. 

Instead of juggling multiple disconnected tools, Venn combines everything you need, corporate cards, multi-currency accounts, expense management, automated reconciliation, and more, into one powerful system. This gives you a clear, real-time view of your business’s financial health through seamless integration and real-time syncing.

For growing companies, especially those managing teams, vendors, or clients across borders, Venn provides the control, visibility, and scalability needed to stay organized. With features like automated expense categorization and advanced accounting integrations, you can reduce manual processes, streamline operations, and focus on growth. Venn’s platform scales with your business, ensuring that as you grow, your financial management tools grow with you.

Learn What Venn is All About

If you’re ready to simplify your financial operations and gain greater control over your business spend, it’s time to explore what Venn can do for you. Our platform is built for modern Canadian businesses that want to move faster, work smarter, and grow with confidence!

We invite you to explore how Venn can transform your financial operations and become your trusted partner in managing your business's financial future. Book a demo today!

Frequently Asked Questions (FAQs)

Q: What’s the main difference between Venn and Float?

A: Float focuses on corporate cards and basic spend controls, while Venn offers a broader, all-in-one financial platform. With Venn, you get multi-currency accounts, AP automation, virtual cards, expense management, and deep accounting integrations, all in one place.

Q: Can Venn do everything Float does in terms of card controls and approvals?

A: Yes. Venn includes robust corporate card features such as dynamic limits, spend approvals, and real-time tracking. But it also goes further by integrating cards with full expense workflows, invoice capture, and accounting automation.

Q: Does Venn support multi-currency accounts like USD or EUR?

A: Absolutely. Unlike Float, which operates in USD and CAD only, Venn provides fully supported multi-currency accounts (CAD, USD, GBP, and EUR) with real-time FX, making it a better choice for businesses with global operations or international vendors.

Q: Which platform is better for growing businesses?

A: Venn is built with scalability in mind. It’s ideal for growing teams that want to automate finance workflows, manage multiple currencies, and consolidate their tools. Float is a solid entry-level option, but Venn offers more advanced capabilities for long-term growth.

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_{The comparative information provided on this page is based on publicly available sources and is accurate to the best of our knowledge as of July 20, 2025. Features, pricing, and terms may change without notice. For the latest information, please consult each provider’s official website directly. All trademarks and product names are the property of their respective owners. Their use does not imply any affiliation with or endorsement by those brands.}

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