Canadian fintech Keep, which operates a financial platform designed for small businesses, has emerged from stealth with CAD 108 million (around $78 million) in equity and debt financing.
The funding includes CAD 33 million ($24 million) in equity financing led by Tribe Capital, a CAD 71 million ($51 million) credit facility provided by Treville Capital Group, and a CAD 4 million ($3 million) venture debt line provided by Silicon Valley Bank.
Other Keep backers include Rebel Fund, Liquid2, Cambrian, Assurant Ventures, Upshot, Vera, Data Tech, 305 Ventures, Valyrian, Brainstorm and Collaborative, among others.
Founded in 2022 and led by CEO Oliver Takach, the Keep platform features a high-limit business credit card, capital financing solutions, multi-currency accounts, and tools for automated expense management and bill payments.
The Toronto-based company claims to have surpassed CAD 20 million ($14.5 million) in annualised revenue last year, with its platform currently serving over 3,000 small businesses across Canada.
In comments, Takach states that Keep aims to increase its client base to 100,000 businesses by 2027.
Source: https://www.fintechfutures.com/
