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Keep Raises $78 Million for Financial Platform for Canada’s Small Businesses
- Keep, a Toronto-based fintech startup, emerged from stealth on May 20, 2025, after raising C$108 million to develop a financial platform for Canadian small businesses.
- The funding round followed the recognition that Canadian entrepreneurs lacked streamlined financial tools compared to US counterparts like Brex and Ramp, due to outdated banking systems.
- Keep provides a comprehensive financial platform for Canadian small businesses, featuring the country’s first fintech business credit card alongside capabilities for managing expenses automatically, handling multiple currencies, and paying bills internationally, all designed to comply with Canadian regulations.
- The company has brought onboard upwards of 3,000 small businesses, surpassed C$20 million in revenue on an annualized basis in 2024, and boasts a net dollar retention rate exceeding 300%, demonstrating strong customer commitment.
- Keep plans to support a substantial number of small businesses—reaching its goal by 2027—and aims to help its customers save upwards of C$250 million each year in banking fees, marking a significant effort to update Canada’s C$500 billion small business banking industry.
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11 Articles
Keep raises $108 million to launch small business banking platform
Keep Technologies, a company developing a financial platform for small businesses, has exited stealth mode and announced its initial financing details. The startup has obtained $71-million credit facility through Treville (formerly CoVenture), while Silicon Valley Bank is supplying a $4-million venture debt line. Tribe Capital led $33 million in equity financing, with participation from Rebel Fund, Liquid 2, Cambrian, Assurant Ventures, Upshot, …
Keep Raises $76M to Transform Small Business Banking in Canada
Keep, Canada’s first all-in-one financial platform built exclusively for small businesses, today announced $76 million in new funding as it emerges from stealth mode. The funding includes $23 million in equity financing led by Tribe Capital, a $50 million credit facility from Coventure (Treville), and a $3 million venture debt line from Silicon Valley Bank. This investment will accelerate Keep’s mission to solve critical cash flow and operation…
Keep Raises C$108M to Transform Small Business Banking in Canada - CanadianSME Small Business Magazine
Keep, Canada’s first all-in-one financial platform built exclusively for small businesses, today announced a C$108 million in new funding as it emerges from stealth mode. The funding includes C$33 million in equity financing led by Tribe Capital, a C$71 million credit facility from Coventure (Treville), and a C$4 million venture debt line from Silicon Valley Bank. This investment will accelerate Keep’s mission to solve critical cash flow and ope…
Keep raises C$108m to challenge legacy banks in Canada’s SMB market
Canadian FinTech Keep, which offers an all-in-one financial platform tailored for small businesses, has raised C$108m as it emerges from stealth. The funding round includes C$33m in equity led by Tribe Capital, a C$71m credit facility from Coventure (Treville), and C$4m in venture debt from Silicon Valley Bank. Other investors include Rebel Fund, Liquid2 Ventures, Cambrian, Assurant Ventures, and notable backers from companies such as Robinhood,…
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Financial ITKeep Raises C$108M to Transform Small Business Banking in Canada
Keep, Canada’s first all-in-one financial platform built exclusively for small businesses, today announced a C$108 million in new funding as it emerges from stealth mode. The funding includes C$33 million in equity financing led by Tribe Capital, a C$71 million credit facility from Coventure (Treville), and a C$4 million venture debt line from Silicon Valley Bank. This investment will accelerate Keep’s mission to solve critical cash flow and ope…
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