Insights

Gathering insights about Float…

Similar companies to Float

Float Tech Stack

Media & News

These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month
According to
Nov 01, 2024 | 247wallst.com
JFR: Interest Rate Cuts Will Pressure Yield, There Are Better Plays (Downgrade)
The Nuveen Floating Rate Income Fund offers an attractive 11.50% yield, but is unlikely to maintain this due to expected Federal Reserve interest rate cuts. The fund's reliance on floating-rate senior loans means its income will decrease as interest rates decline, making its current distribution unsustainable. The fund failed to cover its distribution fully out of NII in the most recent year.
Oct 18, 2024 | seekingalpha.com
JFR: Floating Rate Exposure Can Still Have A Place In A Portfolio
Floating rate funds like JFR offer decent distribution yields and should continue to do so despite expected rate cuts, as rates aren't expected to go back to zero. JFR remains relatively attractive compared to peers in the closed-end fund senior loan space, though bargain valuations are tougher to come by in this space. With a high amount of leverage, there is relatively more risk to be cognizant of here, but that can come with greater reward as well.
Jul 28, 2024 | seekingalpha.com
JFR: The 11% Yield Is Not Enough To Give A Buy
Nuveen Floating Rate Income Fund focuses on high-yielding fixed income securities, which enables the Fund to offer ~11% yield. A major driver for the double-digit yield is a significant concentration in below investment grade securities. Plus, most of JFR's investments are in floating rate instruments and the FOMC dot plot indicates a potential risk of yield compression.
Jul 09, 2024 | seekingalpha.com
JFR: Could Be A Good Asset To Add To A Retirement Account Today
The Nuveen Floating Rate Income Fund offers a significantly higher yield than most fixed-rate bond funds, currently at 11.68%. The fund primarily invests in floating-rate securities that deliver a higher level of income when short-term rates rise, while maintaining a relatively stable price. The fund's high yield may not be enough to keep up with inflation after paying taxes on distributions, so holding it in a tax-advantaged account is recommended.
May 28, 2024 | seekingalpha.com
JFR: Moving This Leveraged Loan Fund To Hold On The Back Of Tight Spreads (Rating Downgrade)
Nuveen Floating Rate Income Fund invests in leveraged loans. We rated JFR as "Buy" previously. JFR has delivered a total return of over 19% since its merger with other Nuveen leveraged loan CEFs. The fund is overweight in single-B credits and has a low allocation to riskier CCC-s.
May 27, 2024 | seekingalpha.com
Want $15,750 In Passive Income? Invest $30,000 In These Dividend Stocks
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are you ready for retirement?
Apr 06, 2024 | 247wallst.com

Float's Email Address Formats

Float uses at least 2 format(s):

Float Email Formats	Example	Percentage
First@floatcard.com	John@floatcard.com	73%
First.Last@floatcard.com	John.Doe@floatcard.com	15%
Last@floatcard.com	Doe@floatcard.com	11%
Middle@floatcard.com	Michael@floatcard.com	1%

Frequently Asked Questions

Where is Float's headquarters located?

Float's main headquarters is located at 119 Spadina Ave Toronto, Ontario M5R 2T1 CA. The company has employees across 3 continents, including North AmericaAsiaEurope.

What is Float's stock symbol?

Float is a publicly traded company; the company's stock symbol is JFR.

What is Float's official website and social media links?

Float's official website is floatfinancial.com and has social profiles on LinkedIn.

How much revenue does Float generate?

As of October 2024, Float's annual revenue reached $15M.

What is Float's NAICS code?

Float's NAICS code is 5112 - Software Publishers.

How many employees does Float have currently?

As of October 2024, Float has approximately 107 employees across 3 continents, including North AmericaAsiaEurope. Key team members include Chief Technology Officer: B. S.Head Of Customer Operations: D. R.Head Of Revenue: J. R.. Explore Float's employee directory with LeadIQ.

What industry does Float belong to?

Float operates in the Software Development industry.

What is Float's email format?

Float's email format typically follows the pattern of . Find more Float email formats with LeadIQ.

How much funding has Float raised to date?

As of October 2024, Float has raised $37M in funding. The last funding round occurred on Feb 13, 2024 for $37M.

When was Float founded?

Float was founded in 2019.

Float

Software DevelopmentOntario, Canada51-200 Employees

Float is on a mission to simplify business finance in Canada. 

Simplify and save with Cards, Bill Pay, and Reimbursements powered by the smartest business finance platform for Canadian teams.

Learn why thousands of Canadian businesses use and love Float to manage their business spend.

Company Overview

Headquarters: 119 Spadina Ave Toronto, Ontario M5R 2T1 CA
Website: floatfinancial.com
Stock Symbol: JFR
NAICS Code: 5112 - Software Publishers
Founded: 2019
Employees: 51-200

Media & News

Funding & Financials

$37M
Float has raised a total of $37M of funding over 4 rounds. Their latest funding round was raised on Feb 13, 2024 in the amount of $37M.
$10M$50M
Float's revenue is in the range of $10M$50M

Funding & Financials

$37M
Float has raised a total of $37M of funding over 4 rounds. Their latest funding round was raised on Feb 13, 2024 in the amount of $37M.
$10M$50M
Float's revenue is in the range of $10M$50M

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Float Tech Stack

Media & News

These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month

JFR: Interest Rate Cuts Will Pressure Yield, There Are Better Plays (Downgrade)

JFR: Floating Rate Exposure Can Still Have A Place In A Portfolio

JFR: The 11% Yield Is Not Enough To Give A Buy

JFR: Could Be A Good Asset To Add To A Retirement Account Today

JFR: Moving This Leveraged Loan Fund To Hold On The Back Of Tight Spreads (Rating Downgrade)

Want $15,750 In Passive Income? Invest $30,000 In These Dividend Stocks

Float's Email Address Formats

Frequently Asked Questions

Where is Float's headquarters located?

What is Float's stock symbol?

What is Float's official website and social media links?

How much revenue does Float generate?

What is Float's NAICS code?

How many employees does Float have currently?

What industry does Float belong to?

What is Float's email format?

How much funding has Float raised to date?

When was Float founded?

Float

Company Overview

Media & News

These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month

JFR: Interest Rate Cuts Will Pressure Yield, There Are Better Plays (Downgrade)

JFR: Floating Rate Exposure Can Still Have A Place In A Portfolio

Funding & Financials

Funding & Financials

Company Leadership

Employee Directory

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