The Future of Canadian Business Banking Starts Now
A few years ago, I tried to open a business account and get a credit card for my company in Canada.
We had revenue, customers, and all the traction you’d expect from a business on the rise. But the bank didn’t care.
I went into the branch. Twice. I signed personal guarantees. I paid fees no one could explain. And in the end, they still wouldn’t give me a business credit card.
So I did what countless Canadian founders are forced to do: I put everything on my personal card. I paid it off multiple times a month, reconciled charges for hours, and hoped I wouldn’t miss something come tax season.
It felt broken. Because it was.
If this is what success looks like in Canadian banking, the system has already failed.
There are over 3 million small businesses in Canada. They power the economy, but they’re forced to build on tools that actively slow them down. Banks make it hard to do even the basics. Founders are left stitching together spreadsheets, PayPal, Wise, and personal cards—burning time, money, and momentum just to keep things from falling apart.
That’s not innovation. It’s duct tape.
No one was coming to fix it. So we decided to.
Because the truth is, this isn’t just frustrating. It’s a real disadvantage.
In the U.S., opening a business account and getting a credit card takes minutes. In Canada, it can take weeks—and still might not happen.
American companies move fast by default. We start behind, and pay for it in time, fees, and friction.
That’s the gap we built Keep to close.
We realized if no one was going to build a better foundation for Canadian businesses, we had to.
From Scratch, For Canada
We didn't slap a nicer interface on top of an old system. We started from zero. New infrastructure. Faster international payment rails. Partnerships we had to fight to get. All built for one thing: helping Canadian businesses move faster, without getting penalized for it.
In under two years, we went from a whiteboard sketch to multiple products used by over 3,000 businesses, moving combined billions of dollars a year. And we're just getting started.
We raised $108 million CAD to go even faster — $33M in equity led by Tribe Capital, a $71M credit facility from Treville, and $4M in venture debt from Silicon Valley Bank.
We also brought in Rebel Fund, Liquid2, Cambrian, Assurant Ventures, Upshot, Vera, Data Tech, 305 Ventures, Valyrian, Brainstorm, Collaborative, and a group of operators from Stripe, Robinhood, Meta, Plaid, Chime, Venmo, Coinbase, Ramp, Orum, Modern Treasury, Qonto, Payhawk, and Alloy. They helped build the financial stack the world runs on. Now they're backing us to build Canada's.
But this isn't about capital. It's about fixing a system that's held Canadian entrepreneurs back for too long. It's time to build the financial backbone this country should've had years ago. And we're not waiting anymore.
We Thought About Banking So You Don’t Have To
Since the beginning, we’ve talked to thousands of founders. Not to pitch. Just to understand what’s broken.
The stories were different, but the pain was the same.
One founder sent their cofounder to a branch with a void cheque. Another said their FX fees were higher than their margins. More than one told us getting a mortgage was easier than getting a business line. And we lost count of how many said they used PayPal just to avoid their bank.
This isn’t rare, it’s how business gets done here. So we built Keep to replace duct tape with infrastructure. We launched credit that works when you need it, FX that doesn’t eat your margin, payments that move fast, and tools that actually talk to each other.
One customer told us Keep helped them double revenue while cutting admin time by 80%.
That’s what real banking does: it gives you back time, headspace, and control. And stays out of your way.
It’s working, but we’re just getting started.
Why We Raised, and Why Now
This round gives us the fuel to scale what’s working. And to go after what’s next.
We’re investing in the product by expanding what Keep can do and making it even faster, smarter, and more intuitive. We’re investing in the team by bringing on the people who will help us scale with care and conviction. And we’re investing in the partners who believe in what we’re building and want to help us push it further.
In the months ahead, you’ll see deeper automation across spend, payments, and reconciliation. You’ll see new capabilities around banking, rewards, and the day-to-day financial workflows that Canadian businesses rely on.
And most importantly, you’ll see us continue to build for Canada, and for the millions of business owners who’ve been left to work around a system that hasn’t kept up.
While U.S. fintechs fight for margin points in crowded markets, we’re focused on something different:Helping Canadian businesses move faster, with fewer roadblocks, in a market that’s long been overlooked.
By 2027, our goal is to serve 100,000 Canadian SMBs and help them save over $250 million in fees that never should’ve existed in the first place.
If You're Building, This Is Your Moment Too
To our customers: thank you for betting on us.
To our team: thank you for building something this hard.
To our investors: thank you for seeing what's possible.
And to every Canadian entrepreneur who's ever felt like the system wasn't built for them — You were right. But now, it is.
Keep is here. Let's get to work.
