Float and Airwallex Partner on Bill Pay for Canadian Companies

Float, which offers a business finance platform for Canadian companies, has chosen Airwallex to power its new bill pay product.

The new product enables fast and cost-efficient bill payments for both domestic and overseas transactions and includes bank transfers, EFT, wire and ACH, the companies said in a Thursday (July 25) press release.

“By leveraging Airwallex’s global financial infrastructure, we can deliver a seamless and affordable bill payment experience to our customers — enabling them to scale, unlock their potential and grow our economy,” Rob Khazzam, CEO and co-founder of Float, said in the release.

The addition of Airwallex-powered bill pay expands Float’s payment solutions for Canadian businesses, which also include smart corporate cards, intelligent spend management software and reimbursements, according to the release.

The new offering will benefit the nearly 100,000 Canadian small and medium-sized businesses (SMBs) that regularly conduct business outside the country, the release said.

With the new bill pay solution, they can eliminate manual accounts payable (AP) processes, increase visibilityand control over invoices, and minimize foreign exchange (FX) fees, per the release.

“Canadian consumers, SMBs, enterprises and the economy at large stand to benefit from more integrated financial services,” Ravi Adusumilli, executive general manager, Americas at Airwallex, said in the release. “We’re proud to partner with a cutting-edge partner in Float to empower businesses to operate more easily and efficiently both inside and outside of Canada.”

Airwallex has announced several new partnerships in recent months.

In June, the company integrated with financial software provider QuickBooks. This integration enables Airwallex customers to speed up the reconciliation process by connecting with QuickBooks’ accounting software and syncing their Airwallex transactions across supported currencies into their QuickBooks Online account.

In April, Airwallex and BILL partnered to help BILL customers make faster international payments. This collaboration added the local transfer capabilities of Airwallex’s global payments and financial platform to BILL’s financial operations platform for SMBs.

Airwallex also launched a partnership with global communications platform Bird in April, saying this collaboration will power Bird’s international payments operations across the company’s customers’ preferred channels, including WhatsApp, Email, SMS, Voice, WeChat, Messenger and Instagram.