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Revolutionizing Canadian Fintech: Rob Khazzam on Float’s $70M Series B and the Future of Business...
In this episode of Tank Talks, Matt Cohen (www.linkedin.com/in/matt-cohen1/) welcomes back Rob Khazzam (www.linkedin.com/in/rob-khazzam-a795b211/) , CEO of Float (floatfinancial.com/?nab=0) , along with John Ruffolo (www.linkedin.com/in/joruffolo/) , to discuss Float's recent $70M Series B funding led by Goldman Sachs, the challenges of building a fintech company in Canada, and the broader state of entrepreneurship in the country.
Rob shares insights into Float's mission to simplify financial operations for Canadian businesses, emphasizing innovation in a heavily regulated industry. He reflects on the lessons learned from previous funding rounds and how Float adapted to market shifts. The conversation expands to challenges in Canadian policy, the need for a vibrant knowledge economy, and the role of government in fostering innovation.
About Rob Khazzam:
Rob Khazzam is the Co-Founder and CEO of Float, a Canadian company dedicated to simplifying corporate spending for businesses and teams.
Previously, Rob served as an advisor to Framework Venture Partners and was the Managing Partner at Great Mountain Partners, an investment firm focused on acquiring majority stakes in Canadian businesses. He also worked at Uber for over five years, holding various leadership roles, including General Manager for Canada and Central & Eastern Europe.
Rob earned an Honours Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario in 2009.
Topics Discussed:
(03:24) The founding story of Float, inspired by solving the inefficiency of expense reports. He reflects on the challenges Canadian businesses face in accessing modern financial tools, such as corporate cards.
(05:20) Float’s Series A funding and navigating the 2022-2023 market downturn. Rob emphasizes how Float balanced rapid growth with sustaining operations during challenging times
(10:00) Float's approach to partnerships and funding, emphasizing long-term vision and sustainable growth over short-term wins or valuations and the alignment with Goldman Sachs as a strategic partner.
(13:41) Exploration of payment inefficiencies and their impact on Canadian businesses.
(17:45) Rob describes Float’s commitment to trust, compliance, and risk management in a highly regulated fintech environment.
(20:24) A broader discussion on Canada's entrepreneurial ecosystem and the importance of celebrating entrepreneurship and implementing proactive policies, such as open banking, to enhance Canada's knowledge economy.
(25:54) Critiques of Canada’s economic policies, advocating for a focus on intentional knowledge economy growth and smarter immigration strategies to boost per capita GDP.
(35:29) Personal reflections on Rob’s time in Europe, which gave him perspective on Canada’s multicultural strengths and opportunities for economic unity.
(40:16) A discussion on the importance of standing up for Canadian values, addressing social tensions, and fostering national unity against divisive identity politics.
(50:42) Float’s goals for the next 12-18 months, including delivering an optimized business banking experience, helping customers achieve better ROI, and significantly reducing user time spent on Float’s platform.
Fast Favorites:
* Podcast: Invest Like the Best (podcasts.apple.com/us/podcast/invest-like-the-best-with-patrick-oshaughnessy/id1154105909) (business), Spittin’ Chiclets (podcasts.apple.com/us/podcast/spittin-chiclets/id1112425552) (sports).
* Blog: Stratechery (stratechery.com/)
* Tech Gadget: iPhone (apple.com/iphone)
* New Trend: Cold plunging to manage stress and anxiety
* Book: No Rules Rules (www.norulesrules.com/) by Reed Hastings and Erin Meyer
* Life Lesson: "Believe in yourself more than you actually do."
Follow Matt Cohen ( mattybcohen) and Tank Talks (www.rippleventures.com/podcast) here!
Podcast production support provided by Agentbee.ai (www.agentbee.agency/podcasting)
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com (tanktalks.substack.com?CTA_1)
มุมมอง: 11

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ความคิดเห็น

  • @LilyLyle-k2l
    @LilyLyle-k2l 4 วันที่ผ่านมา

    Great content, as always! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). How should I go about transferring them to Binance?

  • @sultanarolly1906
    @sultanarolly1906 9 วันที่ผ่านมา

    out standing

  • @jfkr77
    @jfkr77 15 วันที่ผ่านมา

    Yes it will

  • @thebigleone1066
    @thebigleone1066 17 วันที่ผ่านมา

    Maybe someday. If the country continues to deteriorate.

  • @bradkeck5785
    @bradkeck5785 18 วันที่ผ่านมา

    It’s almost comical at this point to watch the stupidest billionaire in the world become our president, and want buy Greenland, and control the Panama Canal along with Canada. Absolute moron.

  • @polish22doves
    @polish22doves 18 วันที่ผ่านมา

    America could be the eleventh Provence.

  • @MrBillchyatt
    @MrBillchyatt 18 วันที่ผ่านมา

    also 1st

  • @MrBillchyatt
    @MrBillchyatt 18 วันที่ผ่านมา

    it would be funny as hell though...and I wouldn't need a passport just to got 20 miles across the border to visit my online gaming buddies

  • @saranshpahel1
    @saranshpahel1 27 วันที่ผ่านมา

    Koho is a scam

    • @jackpotter3234
      @jackpotter3234 5 วันที่ผ่านมา

      Really? So the koho credit card is a scam

  • @soup8962
    @soup8962 28 วันที่ผ่านมา

    i think this is literally a south park episode

  • @ethicalroyaloil
    @ethicalroyaloil 2 หลายเดือนก่อน

    Nolan seems like a smart person and is correct at least on his point here.

  • @fish9905
    @fish9905 2 หลายเดือนก่อน

    Harris is to phoney to do Rogan

  • @ShafiqulIT
    @ShafiqulIT 5 หลายเดือนก่อน

    There is something wrong with your TH-cam channel "Ripple Ventures". That's why the channel is not growing. Mistakes need to be corrected. I would like to discuss the growth of your TH-cam channel "Ripple Ventures" Thank You

  • @AgroPreneurBusinessPodcast
    @AgroPreneurBusinessPodcast 5 หลายเดือนก่อน

    AGREED 😂

  • @francpekolj5450
    @francpekolj5450 6 หลายเดือนก่อน

    Sick Canada with trudeau😢😢😢

  • @Parttimefarmer83
    @Parttimefarmer83 6 หลายเดือนก่อน

    You better get ready

  • @JamesK-ox7kr
    @JamesK-ox7kr 6 หลายเดือนก่อน

    Trump is about America and it's citizens. His four years as President proved that. Get it right and stop lying making a damn fool of yourself.

  • @helenjohnson4118
    @helenjohnson4118 6 หลายเดือนก่อน

    Sorry, not sorry Trump 2024

  • @yourfriend4104
    @yourfriend4104 6 หลายเดือนก่อน

    its so stupid XD

  • @freelancer-arman723
    @freelancer-arman723 7 หลายเดือนก่อน

    DEAR I hope you are Well. Recently I audited your TH-cam Channel . Though your video quality is so good but your video doesn't gain much views because found some On Page SEO Problems with proved. Alredy i have sent you an Email for whole details in your videos problem . Thank and Regards, MD. ARMAN HOSEN. Digital Marketer & TH-cam SEO Expert.

  • @edwinfrerichs8674
    @edwinfrerichs8674 8 หลายเดือนก่อน

    Okay sure, but you took on a debt that next several generations are going to have to pay off and not reap any of the rewards.

  • @karensmith4336
    @karensmith4336 8 หลายเดือนก่อน

    We definitely need accountability.

  • @Footprints1111
    @Footprints1111 10 หลายเดือนก่อน

    New logo 😬🤗

  • @czarekdupa
    @czarekdupa 11 หลายเดือนก่อน

    Feel bad for Macy she wants to escape the rroendzone so bad

  • @catsdoingmeows8605
    @catsdoingmeows8605 ปีที่แล้ว

    valuable brain time 💀💀💀

  • @gregbrown5129
    @gregbrown5129 ปีที่แล้ว

    You are wrong. He's not in the advertising business.

  • @kingcosworth2643
    @kingcosworth2643 ปีที่แล้ว

    One thing I have learnt in this life is that if somebodies actions don't make sense, it's not because they are idiots, it's because their task and goals are different to what you think they should be.

  • @kingcosworth2643
    @kingcosworth2643 ปีที่แล้ว

    He is the richest man on the planet, maybe the ownership of twitter isn't about profit, he doesn't need it, he bought it to crush a major part of the propaganda machine currently destroying the west.

  • @148Reaper
    @148Reaper ปีที่แล้ว

    He literally said he isn't getting blackmailed for some advertising. The fact that some people think this is bad shows how corrupt the world has become.

  • @adolfohernandez5970
    @adolfohernandez5970 ปีที่แล้ว

    Elon is a hero

  • @nick4819
    @nick4819 ปีที่แล้ว

    I think everyone can agree with Elon. Who the fuck do these people think they are wanting him to force him to spread a narrative just for money? You people have no spine. You are cowards if you do it. These people get a benefit from advertising. It's a fair trade. They get views and Elon gets money. They don't get views AND to tell you what you can and can not do with your company...and Elon get money. You either want the views or not. It's simple. Like Elon said, if the company fails, it fails because companies wanted to push a narrative with their money, they didn't care about the views. They cared about the censorship they could get with said money.

  • @danieljensen2626
    @danieljensen2626 ปีที่แล้ว

    At this point I'm pretty sure it's just all the sleep deprivation and overwork catching up with him so his brain is barely functioning and he can't help but be a dumbass.

  • @Bane10K
    @Bane10K ปีที่แล้ว

    He said, "If you want to blackmail, go F yourself" not just F yourself. And good on him

  • @cannibalholiday
    @cannibalholiday ปีที่แล้ว

    Wait... so if advertisers pull their ads it's virtue signaling. But if he tries to repair his reputation after repeatedly boosting anti-semitic conspiracies and a couple of outright nazis by jumping on a plane to Israel it's NOT signal boosting? Huh...

  • @shawnnixon2616
    @shawnnixon2616 ปีที่แล้ว

    And who are you two??? Smfh

  • @alibabba2489
    @alibabba2489 ปีที่แล้ว

    lets bash a guy for refusing to be blackmailed by a crooked corporation, lol. They wish they had half his intelligence, money, and a 1/4 of his integrity.

  • @TheCpbrown2142
    @TheCpbrown2142 ปีที่แล้ว

    He literally doesn't need their money. He can easily weather the storm. A man stands against the bs politics and everyone attacks him, yea im not surprised 😂. Same story different wealthy man. Reminds me of whats happening to Mr. Beast.

  • @CCease2014
    @CCease2014 ปีที่แล้ว

    Haters can hate but they’ll never be richest man in America

  • @huypham9458
    @huypham9458 ปีที่แล้ว

    Why are yall talking ? Y’all are just regular civilians , this dude is a genius , yall have no room to talk , only other billionaires and self successful men can judge each other in their class , yall just need to be quiet , talk stupid and look stupid

  • @richarddimsdale6232
    @richarddimsdale6232 ปีที่แล้ว

    I think he is going to bury himself in the long run. A rich kid from apartied isn't from the real worl

  • @chrisboyett1758
    @chrisboyett1758 ปีที่แล้ว

    No, I don’t think he did. I think this is going to benefit him immensely.

  • @Nameentered
    @Nameentered ปีที่แล้ว

    So there is nothing wrong when disney and those other companys fire people or pull there advertisements. But then elon musk is an idiot when he does virtually the same thing? If it was mark zuckerburg doing it to a bunch of rich conservative companies then yiu would be praiaomg him for standing up for what he believes in. You guys are a bunch of massive hypocrites

  • @SVisionary
    @SVisionary ปีที่แล้ว

    You mean, he doesn't want to accept money to compromise his sense of morality. Wow... how could he... But apparently you guys would.

  • @bigbadb4492
    @bigbadb4492 ปีที่แล้ว

    “All I care is the reality of goodness not the perception of it. And all I see all over the place is people who care looking good while doing evil” -Elon Musk

  • @coltonrhea1902
    @coltonrhea1902 ปีที่แล้ว

    Nobody cares. Dude has so much money he'll never notice the difference. That's his point. We don't wanna hear about what you think about it

    • @Nameentered
      @Nameentered ปีที่แล้ว

      Really? You don't think he would notice a quarter of his net worth vanish into thin air? You don't think he would notice when he has to sell off a bunch of tesla stocks in order to pay off the rest of the loans he got to purchase Twitter in the first place?

    • @donilexington4600
      @donilexington4600 ปีที่แล้ว

      ​@@Nameenteredyou assume things will go south for a cooperation that's too big to fail. 😂

  • @poundsand7814
    @poundsand7814 ปีที่แล้ว

    These are the voices of big media and woke business plans mad that Elon won’t send over to what agenda they want to push these two guy can F-themselves

  • @Eric-mf6vm
    @Eric-mf6vm ปีที่แล้ว

    He's a multi billionaire in multiple different businesses, fuck advertisers he doesn't need them

    • @Nameentered
      @Nameentered ปีที่แล้ว

      Actually he does need advertisers. Maybe not those advertisers but he will need some others to take their place. If Twitter goes under then he loses a quarter of his networth and will have to sell off tesla stock to pay off his loans

  • @jonschroedinger8360
    @jonschroedinger8360 ปีที่แล้ว

    Lawl. Dumb dummies. I don't even like the dude but his "go f yourself" move was pure class.

  • @Enid2Sacramento
    @Enid2Sacramento ปีที่แล้ว

    He's the richest man on earth doesn't care.

    • @Nameentered
      @Nameentered ปีที่แล้ว

      Oh I'm sure he cares a little bit. Twitter going under would cost him at least a quarter of his net worth. He would have to sell of a bunch tesla stock in order to pay off his loans that he got to purchase twitter in the first place.

  • @wasteddude
    @wasteddude ปีที่แล้ว

    Elon is big mad because he's losing money. Imagine blaming others for your bad decisions regarding your own company.

    • @mrd2500
      @mrd2500 ปีที่แล้ว

      Imagine being a big bitch and pandering to what everyone wants you to do and say. Elon does what he thinks is right and backs it up with action, not just saying he cares.

    • @Nameentered
      @Nameentered ปีที่แล้ว

      Where are you getting him blaming others?