Canadian fintech startup Keep has emerged from stealth with C$33 million in equity funding as it sets out to become the country’s answer to Brex — a modern financial platform for small businesses. The funding round was led by Tribe Capital, with participation from Rebel Fund, Liquid2 Ventures, Cambrian, Assurant Ventures, and angel investors from major fintechs like Stripe, Plaid, Coinbase, and Ramp. In addition, Keep secured a C$71 million credit facility from Coventure and a C$4 million venture debt line from Silicon Valley Bank.
Keep is tackling what it calls a stagnant $500 billion+ small business banking market in Canada, long dominated by traditional banks that rely on outdated technology and rigid underwriting standards. Unlike in the U.S., where startups like Brex and Mercury have revolutionized business banking, Canadian entrepreneurs have lacked a digital-first alternative — until now.
Designed with Canadian tax structures, banking regulations, and business realities in mind, Keep’s platform includes a business credit card, automated expense tracking, multi-currency accounts, and flexible global bill payments. These offerings aim to replace the fragmented and fee-laden financial services currently facing Canadian small businesses.
Even before going public, Keep reached C$20 million in annualised revenue and onboarded over 3,000 SMBs from a variety of sectors. CEO Oliver Takach says the company is focused on building the financial operating system that Canadian businesses have long needed.
“Traditional banks have failed Canadian entrepreneurs for too long,” Takach stated. “We’re building the financial operating system that Canada’s small businesses actually need — one that provides the technology, tools, and services to help them thrive.”