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§ Private Profile · Argyle House, 3 Lady Lawson St, Edinburgh, EH3 9DR, GB
Cash flow forecasting software for SMBs and finance teams, automating predictions and providing real-time visibility.
Float Cashflow Forecasting has raised $1.9M across 1 funding round.
Key people at Float Cashflow Forecasting.
Float Cashflow Forecasting has raised $1.9M in total across 1 funding round.
Float Cashflow Forecasting is a Toronto, Ontario-based financial technology company that develops software to help small and mid-sized businesses accurately predict and manage their cash positions. Operating under a software-as-a-service subscription model, the platform integrates directly with existing accounting systems to automate scenario planning, generate financial insights, and provide corporate finance teams with real-time visibility into ongoing liquidity trends. While the company primarily targets corporate treasurers and accounting professionals across the broader fintech sector, specific internal operational metrics such as total venture funding raised, current enterprise valuation, and active user counts remain publicly undisclosed. Furthermore, the organization has not disclosed a formal list of institutional lead investors, prominent enterprise customers, or strategic portfolio companies in its most recent public corporate filings. Float Cashflow Forecasting was founded in 2011 by Colin Hewitt and his co-founder Lars.
Float is a cloud-based cash flow forecasting software company that builds an intuitive tool syncing with accounting platforms like Xero, QuickBooks Online, and FreeAgent to generate real-time visual forecasts.[2][3] It serves small to medium-sized businesses, accountants, and bookkeepers by solving the problem of complex, manual cash flow planning—replacing spreadsheets with automated, jargon-free insights for confident decision-making on payroll, hires, and scenarios.[1][2][3] Key features include daily/weekly/monthly views, "what-if" scenario modeling, budget tracking, and reporting, starting at $39/month, with strong user praise for ease and Xero integration.[2][3]
The company emphasizes empowering business owners with live data to avoid cash surprises, fostering growth through reliable forecasts. Testimonials highlight its role in real-time visibility and quick experiments, positioning Float as essential for modern finance amid cloud accounting adoption.[1][2][3]
Float emerged from the longstanding challenge of cash flow forecasting, which businesses have struggled with despite maturing cloud accounting tools. CEO Colin Hewitt leads the mission to create dependable, accessible forecasts by ditching jargon and building an intuitive solution that integrates real-time invoice and bill data.[1] The idea crystallized around empowering owners with confidence—"cash is king"—to make decisions without sleepless nights over payroll or future positions.[1]
Early traction built on seamless integrations and visual simplicity, earning awards and high ratings on platforms like G2 and Trustpilot. Users transitioned effortlessly from Excel, with pivotal moments like rapid setup (under 3 minutes) and scenario tools proving its value for on-the-spot planning.[2][3][5] Float is "just getting started," focused on scaling its cloud-native approach.[1]
(Note: Search results distinguish Float Cash Flow Forecasting [floatapp.com] from a separate resource scheduling tool at float.com; this profile focuses on the former.[2][4][5])
Float rides the cloud accounting boom, where tools like Xero enable real-time data but lack built-in forecasting, creating demand for specialized add-ons.[1][2] Timing aligns with SMBs prioritizing cash intelligence amid economic volatility—forecasting habits reduce risks like payroll shortfalls, amplified by post-pandemic remote finance needs.[1][3]
Market forces favor Float: rising SaaS adoption, AI-adjacent automation in fintech, and accountant endorsements (e.g., CFO Centre, Primate) expand its ecosystem influence.[2] It democratizes financial planning, helping businesses "move faster" and influencing startups via better capital allocation and investor confidence in cash runway visibility.[1][2]
Float's momentum—award-winning integrations, glowing reviews, and CEO vision—positions it for expansion into advanced AI forecasting or multi-entity support, targeting global SMBs as cloud accounting penetrates emerging markets.[1][2][3] Trends like embedded finance and real-time analytics will shape its path, potentially adding mobile apps or ERP ties to counter rivals.
Its influence may evolve by becoming the default forecasting layer for accounting ecosystems, empowering more owners with "indisputable" cash insights to fuel sustainable growth—reinforcing that confidence in forecasts unlocks bolder business moves.[1]
Key people at Float Cashflow Forecasting.
Float Cashflow Forecasting has raised $1.9M in total across 1 funding round.
Float Cashflow Forecasting's investors include Alan Martin.
Float Cashflow Forecasting has raised $1.9M across 1 funding round. Most recently, it raised $1.9M Float - Seed in January 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 15, 2020 | $1.9M Seed | Alan Martin | — | Announced |
