The Globe and Mail reports in its Monday edition that valued at $150-million in November, 2021, Float Financial Solutions, with $2-million in annualized revenue, managed to thrive despite the tech bubble's collapse and the bear market that followed. The Globe's Sean Silcoff writes that Float is set to announce Monday that Goldman Sachs Asset Management's growth-equity arm has led a $70-million financing, backed by three other new investors -- FJ Labs, OMERS Ventures and Teralys Capital -- and past shareholder Garage Capital. Most of the money is going to Float, with an undisclosed amount to employees and investors. Many financial technology companies are now worth less than their pandemic peaks. The deal, however, values Float above $200-million including funds received, about 30 per cent above the Tiger deal, even though the company is not yet profitable and has not committed to a date when it expects to be in the black. Toronto entrepreneur Michael Hyatt, an early Float backer, says: "There is a class of companies getting paid for their performance. This is one of those." Float seeks to provide alternative financial products and services to small and medium Canadian businesses that have been underserved by major banks.