Fintech startup Keep raises C$108M to modernize banking for Canadian small businesses with an integrated financial platform and real-time solutions.
Canadian fintech startup Keep has officially launched from stealth mode, armed with C$108 million in fresh funding. Aiming to disrupt the country’s outdated small business banking sector, Keep is bringing modern, tech-driven financial solutions to Canada’s 3 million small businesses.
Major Backing Fuels Rapid Fintech Expansion
The total funding includes C$33 million in equity led by Tribe Capital, a C$71 million credit facility from Coventure (Treville), and C$4 million in venture debt from Silicon Valley Bank. This capital injection will fast-track Keep’s goal to become the go-to financial platform for small and medium-sized businesses (SMBs) across Canada.
Solving a Half-Trillion-Dollar Problem
Canada’s small business banking market, valued at over C$500 billion, remains dominated by legacy institutions offering outdated software, slow service, and rigid lending processes. Keep’s integrated platform is designed to solve this gap by offering agile, tech-enabled tools suited to the unique financial landscape of Canadian entrepreneurs.
Canada’s First Fintech Business Credit Card and More
Keep’s product lineup includes Canada’s first fintech-issued business credit card, automated expense tracking, multi-currency accounts, and seamless global bill payment—all under one roof. The platform eliminates the need for fragmented tools, empowering business owners to focus on growth rather than admin.
From Personal Frustration to National Vision
Co-founder and CEO Oliver Takach, a two-time Y Combinator founder, created Keep based on his own struggles as an entrepreneur. “We’re building the financial operating system I wish I had,” Takach shared. “Small businesses deserve flexible, real-time tools, not delays and paperwork.”
Real Results: 80% Time Savings, 300% Growth
Keep’s platform is already proving its worth. Glen Napier, CEO of James G Armour & Co., credits the platform with reducing financial admin time by 80% and doubling revenue within six months. In less than two years, Keep surpassed C$20 million in annualized revenue, serving over 3,000 SMBs and achieving over 300% net dollar retention.
Bold Goals: 100,000 Small Businesses by 2027
With a vision to serve 100,000 Canadian SMBs by 2027, Keep aims to help entrepreneurs save over C$250 million annually in unnecessary fees. “This funding moves us closer to ensuring that no Canadian entrepreneur is held back by outdated financial systems,” said Takach.
Backed by Global Fintech Leaders
In addition to Tribe Capital, the funding round included investors such as Rebel Fund, Liquid2 Ventures, Cambrian, and Assurant Ventures. Individual backers also included leaders from Stripe, Robinhood, Chime, Coinbase, and Venmo—adding strong fintech credibility to Keep’s mission.
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