Float welcomes Canadian growth-stage operator and investor Jack Fraser as Chief Financial Officer

Fraser joins Float as the company enters its next phase, focused on building the AI-first finance platform that removes manual work and gives teams more time back.

TORONTO, ON — November 10, 2026 — Float Financial, the leading finance operations platform for Canadian businesses, today announced the appointment of Jack Fraser as Chief Financial Officer.

Fraser brings experience across growth investing, CFO and COO leadership, corporate development, transactions, governance, and operating transformation. He has worked with small and mid-sized businesses, high-growth technology companies, and some of Canada’s most successful companies. Prior to joining Float, Fraser spent 7 years as a partner in BDC Capital’s Growth Venture Fund. He has seen firsthand the bottlenecks Canadian businesses and their finance teams navigate as they grow.

Off the heels of its Series C raise announced in July, Float is entering its next phase: building the AI-first finance operations platform that removes manual work from finance workflows so teams can focus on the strategic decisions that move their businesses forward. Fraser’s appointment strengthens Float’s finance, operating, and strategic leadership as it scales that ambition.

“Float is not simply building a better spend-management product,” said Rob Khazaam, co-founder and CEO of Float. “We are building an AI-first financial platform that gives Canadian finance teams time back to run and grow their businesses. Jack has seen the Canadian growth ecosystem from multiple angles, and he understands why the future of finance will be AI-forward. His decision to return to operating is a meaningful vote of confidence in how transformative this opportunity is.”

"I've been on both sides of the conversation – as an operator I lived the month-end grind, and as an investor, I watched it slow down companies,” said Fraser. “The pattern is consistent: finance operations quietly constrain growth and profitability long before anyone names it as the problem. Float is the first platform I've seen that tackles this problem head-on, and its AI-first approach is giving teams back the time and capacity to grow."

Fraser’s appointment comes as Float continues to expand coast to coast to support Canadian businesses, from ambitious small and mid-sized companies through national champions. As Canadian businesses face growing pressure to choose infrastructure supported in Canada, Float’s Canada-first orientation reflects a broader opportunity to build trusted financial infrastructure with greater financial and data sovereignty—helping businesses maintain control over critical financial information while they grow with greater speed and visibility.

"Canadian businesses are starting to ask where their financial infrastructure actually lives,” Fraser noted. “Most of them are running on platforms built elsewhere, with their data following. Float’s approach is part of what makes the opportunity so compelling: to help build trusted financial infrastructure for SMBs and scale-ups right here, with the data staying in Canada.”

“Jack combines the pattern recognition of an investor with the judgment of an operator,” said Dennis Kavelman, Partner at Inovia Capital and lead investor in Float’s Series C. “He understands what Canadian companies need as they scale, and he knows how to turn that understanding into better decisions. This is a strong moment for him to return to building, and for Float as it continues its high-growth trajectory.”

About Float

Float is Canada's intelligent finance operations platform, giving businesses one system for corporate cards, expense automation, bill pay, and high-yield accounts, all run through a proprietary AI layer that automates the finance workflows teams handle every day. Since 2021, Float has grown from a corporate card startup into financial infrastructure trusted by more than 10,000 Canadian businesses. Float is backed by world-class investors, including Inovia Capital, Growth Equity at Goldman Sachs Alternatives, OMERS Ventures, and BDC Capital. To learn more, visit floatfinancial.com.

Media contact

Emily Weiss

Content and Communications Lead

emily.weiss@floatfinancial.com | 604-506-2106

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