Company founded by two Cheriton alums named among the 2022 C100 Fellows

Friday, April 8, 2022

Float, a company that offers corporate credit card and accounting services and was co-founded by Cheriton School of Computer Science alums Griffin Keglevich and Ruslan Nikolaev, has been named among the 2022 C100 Fellows

The C100 fellowships are an annual award for the 20 most promising start-ups in the Canadian tech and finance sector. The C100 organization has set itself on a mission “to galvanize the global Canadian tech diaspora to support, inspire and advance Canadian entrepreneurship.”

Along with the recognition the fellowship brings, winners also receive tailored support and resources to help drive growth in their start-up.

Float has been making waves in the B2B corporate credit card market and recently brought in a whopping $37 million CAD in new investments, with some fintech insiders touting the company as one to watch. The company was created out of work the two former students did with the University of Waterloo’s start-up incubator, Velocity.

“Float has shown tremendous growth since their time at the Velocity incubator and this new round of investment puts them on the path to join other Canadian unicorns in a few years,” said Adrien Côté, Velocity’s executive director.

“Often with start-ups, it comes down to a team committed to finding the right opportunity and we're honoured that Velocity could support the Float team as they found their early path to success.”

Read the full article on Waterloo News.
 

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