Venn and Float are two of Canada’s top platforms for business expense management. Venn provides an all-in-one solution with cash accounts, virtual cards, and low-cost global payments, while Float focuses on traditional credit cards with a more familiar, less integrated setup. Which one’s the better fit? Let’s compare.

Venn vs Float for Expense Management: Which is Better for Your Business?

Managing business finances shouldn’t be a headache. With the right expense management software, you can gain real-time control over spending, automate routine tasks, and make smarter, data-driven financial decisions. 

Whether you're tracking corporate card expenses, managing vendor payments, or reconciling invoices, having everything in one place can transform how you run your finances. In Canada, two standout platforms leading the way in modern expense management are Venn and Float.

Two of Canada’s leading platforms for modern expense management are Venn and Float. Venn offers an all-in-one solution with integrated cash accounts, virtual cards, instant visibility, and low-cost global payments. Float, on the other hand, focuses on traditional business credit cards, offering a familiar yet less integrated approach to card-based spending.

So, how do you decide which is right for your business? Let’s take a closer look at Venn vs. Float.

Key Expense Management Features of Venn vs. Float

When it comes to managing business expenses efficiently, the right expense management software can make all the difference. Venn and Float are two popular platforms used by Canadian businesses, but they offer different approaches to managing corporate expenses, global payments, and cash flow. 

Feature

Venn

Float

Core Offering

All-In-One Financial Platform: Cash Accounts, Cards, FX, AP/AR

Corporate Cards and Spend Management

Primary Edge

Multi-Currency Cash Accounts, Fastest Transfers, 0.25–0.45% FX

Charge Card Lending Plus Expense Controls

Corporate Cards

Physical and Virtual, 1% Unlimited Cashback

Physical and Virtual, 1% Cashback Only After $25K/Month

Cash / Multi-Currency

Integrated CAD, USD, GBP, EUR Cash Accounts

Requires an External Bank; CAD/USD Cards Only

FX Rates

Transparent, Industry-Leading (0.25–0.45% for all conversions)

Typically 0.25% for USD to CAD conversions and a 2.5% foreign transactions fee

Global Transfers

EFT, ACH, SEPA, UK Faster Payments, Interac E-Transfer® (180+ Countries)

EFT, ACH, or CAD/USD Wires Only

Accounting Sync

True 2-Way Sync (QuickBooks, Xero) and Auto-Reconciliation

Basic Sync; Manual Steps Often Required

Expense Management

Integrated: Policy Rules, Receipt Capture, Auto-Categorization

Good Card-Based Controls; Limited AP/Expense Workflow Integration

Accounts Payable (AP)

Vendor Payments, Invoice Approvals, and Bill Capture

Vendor Pay and Reimbursements

Accounts Receivable (AR)

Built-In Custom Invoicing, Credit Card and Bank Payment Collection; Multi-Currency

No Full Invoicing System; Payment Requests Only

Investments

GICs Available

No GICs; Interest-Bearing Cash (Up to 4%)

Cashback / Rewards

1% on All Spend

1% After $25K/Month spend

Application Time

Online Setup Under 5 Minutes; No Branch Visit

Online; No Branch Visit

Transfer Speed

Interac: Instant; Global ≤ 48 Hours

1–3 Business Days

Pricing Transparency

Tiered Plans (“Essentials” $0/Month, “Plus” $40/Month, and “Pro” $100/Month); No Hidden Fees; Low FX Rates and Wire Fee Reductions

Tiered Plans (“Essential” $0/Month, “Pro” $10/Month Per User, and “Enterprise” Requires Custom Quote); FX Markups Vary

Extra Fees

Free Local EFT/ACH on Select Plans; Low FX and Wire Fees

Higher FX Markups; Wire Costs Vary

Venn vs. Float Expense Management: Ease of Use and Setup

Ease of use can make or break your finance team's workflow. Here's how Venn and Float compare in terms of platform navigation, setup, and day-to-day usability.

Venn

Venn is simple and intuitive to set up and use. Whether you're a startup, SMB, or larger enterprise, you can quickly open cash accounts, issue corporate cards, and manage expenses from a single, user-friendly interface.  Applications take less than 5 minutes, with instant fund loading via Interac e-Transfer®, which is a clear advantage over platforms with longer approval times and no Interac® support. The platform minimizes the complexity often found in traditional financial tools and integrates seamlessly with QuickBooks and Xero for effortless transaction syncing and accurate reporting.

Float

While Float also offers a relatively easy setup, it tends to be more complex compared to Venn. Float requires more manual configuration for linking to accounting tools, and users often report a steeper learning curve when compared to Venn's straightforward approach. The system is designed for businesses with more sophisticated accounting needs, making it more suitable for larger companies or those with complex financial structures.

How They Compare: Support and Customer Service

Reliable support is crucial when managing business finances. Here's how Venn and Float stack up in terms of customer service responsiveness, availability, and overall user experience.

Venn

Venn stands out for its responsive and personalized customer support, trusted by businesses across various industries, including construction, marketing, and retail. Whether you're managing cross-border payments, overseeing team-wide expenses, or integrating with tools like QuickBooks or Xero, Venn’s support team is there to help. From fast onboarding to ongoing financial management, Venn offers expert guidance at every step for its users.

Float

In contrast, Float offers standard customer support, but users have noted that it may not be as personalized or hands-on as Venn’s. Some feedback points to longer response times and more generalized assistance, which can be challenging for businesses needing timely help with complex financial workflows. While Float provides the essentials, businesses with more advanced needs may find the support less tailored and requiring multiple follow-ups.

Pricing Comparison

When it comes to selecting the right expense management software, pricing is often a key factor in the decision-making process. In this section, we’ll compare the pricing structures of Venn and Float, breaking down fees for corporate cards, transfers, and other services.

Venn’s Pricing Structure:

Venn offers a transparent, SMB-friendly pricing model with no hidden fees, enabling businesses to plan and scale without unexpected costs. Here's what to expect:

  • Essentials Plan – $0/month: Basic access to core features with slightly higher FX rates (0.45%) and limited transfer discounts.
  • Plus Plan – $40/month: Lower FX fees (0.35%), free local transfers (EFT/ACH), more card/account access, and enhanced accounting automation.
  • Pro Plan – $100/month: Lowest FX rate (0.25%), instant payment clearing, unlimited cashback, multi-step approvals, and dedicated support.

Float’s Pricing Structure:

  • Essential Plan – $0/month: Free entry-level access to spend management and cards, but FX markups apply and features are limited.
  • Pro Plan – $10/month per active user (min. $100/month): Adds more controls and automation, but cost scales with team size.
  • Enterprise Plan – Custom Pricing: Designed for large teams, pricing based on business needs and volume.

Overall, Venn offers a flat, transparent pricing model ideal for growing teams managing global finances. Float uses a per-user pricing structure with potentially higher FX costs, making it more expensive for teams doing international business or needing multiple users.

Key Advantages of Choosing Venn Over Float

When it comes to managing business expenses, choosing the right platform can make all the difference. Venn stands out as an industry leader, offering businesses a simple, transparent, and efficient way to manage their finances.

With a focus on cash account management and global scalability, Venn offers a solution that streamlines operations and provides businesses with more control over their spending.

Transparent pricing & rewards

  • Tiered plans with no hidden fees
  • 1 % unlimited cashback on every corporate-card purchase

Industry-low FX costs

  • 0.25 – 0.45 % markup on foreign exchange (vs. Float’s 2.5% on international exchanges)
  • Significant savings on every international transaction

Global-ready payments & accounts

  • Integrated multi-currency cash accounts (CAD, USD, GBP, EUR)
  • Free ACH and low-cost SWIFT transfers; Interac e-Transfer® for domestic needs
  • Funds settle in ≤ 48 hrs, outpacing Float’s 1–3 day timeline.

Venn is Best for: SMBs and growing businesses that want to consolidate financial tools, reduce FX costs, and manage global operations seamlessly.

Bottom Line:

When it comes to expense management, Venn offers a more robust and scalable solution than Float. With fully integrated features like multi-currency accounts, automated accounting sync, receipt capture, policy-based controls, and streamlined AP/AR workflows, Venn makes managing business spend seamless, especially for companies with international operations. In contrast, Float focuses heavily on card-based controls and credit access, but lacks comprehensive automation and true multi-currency support. 

For businesses looking for an all-in-one financial platform that simplifies expense management while reducing fees, Venn is the clear winner!

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Frequently Asked Questions (FAQs)

Q: Can expense management software help reduce operational costs?

A: Yes, expense management software helps businesses track spending more efficiently by automating the categorization of expenses, reducing manual errors, and providing real-time visibility into financial activities. It also streamlines approval processes, allowing businesses to automate workflows and approvals, reducing administrative overhead.

Q: Can I issue virtual cards with Venn?

A: Yes, Venn allows businesses to issue unlimited virtual cards tied directly to their cash accounts. These virtual cards enable businesses to manage online purchases and subscriptions securely, with real-time tracking and customizable spending limits. 

Q: Is Venn suitable for freelancers or sole proprietors?

A: Venn is primarily designed for corporations, not sole proprietors. Venn offers features such as real-time expense tracking, the ability to issue corporate cards, and easy integration with accounting platforms like QuickBooks and Xero, making it a versatile option for independent professionals who want to manage their finances efficiently.

Q: What are Float’s transaction fees for international payments?

A: Float charges higher fees for international transactions compared to competitors like Venn. While Venn offers low-cost global payments with competitive FX rates (ranging from 0.25% to 0.45%), Float’s fees for international payments are generally higher, around 2-3% markup.

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.

Frequently asked questions

Everything you need to know about the product and billing.

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