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Float appoints former BDC Capital partner Jack Fraser as first CFO

Jack Fraser joins Toronto-based Float Financial as its first chief financial officer following his departure from BDC Capital.

Updated 1 min read

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Key points

  • Jack Fraser becomes the first CFO of Toronto-based Float Financial.
  • Fraser previously served as a partner at BDC Capital's Growth Venture Fund for seven years.
  • Float Financial now employs 190 people and serves 10,000 active Canadian businesses.

Why it matters. This leadership change positions Float to leverage Fraser's experience in scaling technology companies as it expands its AI offerings and competes with American peers in the Canadian market.

Updated Sources: Betakit

Jack Fraser has joined Toronto-based Float Financial as its inaugural chief financial officer. Fraser, who previously led BDC Capital's investment in Float's $85-million CAD Series C round, officially departed the Business Development Bank of Canada two weeks ago to assume the role last week. The appointment follows his seven-year tenure at BDC Capital, where he advised tech firms including Cohere and Koho Financial, and brings his background in scaling companies like Ssense to the FinTech firm.

Latest updates

Float appoints former BDC Capital partner Jack Fraser as first CFO

Float, a FinTech company, has appointed Jack Fraser as its first Chief Financial Officer. Fraser, a former partner at BDC Capital, joins the team to return to his operations roots and oversee financial strategy. This appointment marks a significant leadership change as Float scales its operations. Fraser brings extensive experience in capital markets and operations to the role, aiming to strengthen the company's financial infrastructure.

Betakit

Sources

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