Keep, which is Canada’s first all-in-one financial platform built exclusively for small businesses, announced a C$108 million in new funding as it emerged from stealth mode. This 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 funding round attracted strong participation from existing and new investors, including Rebel Fund, Liquid2 Ventures, Cambrian, and Assurant Ventures. Notable individual investors include founders and executives from fintech leaders such as Robinhood, Venmo, Stripe, Plaid, Chime, Coinbase, Ramp, and Alloy.
Keep co-founder and CEO Oliver Takach is a two-time Y Combinator founder who bootstrapped a business to C$2 million revenue in 2019.
Last year alone, Keep experienced substantial growth, crossing C$20 million in annualized revenue less than two years after going live. Keep also achieved over 300% net dollar retention, reflecting exceptional customer satisfaction, and has onboarded over 3,000 SMBs across a diverse mix of industries.
What the funding will be used for: This investment will accelerate Keep’s mission to solve critical cash flow and operational challenges faced by Canada’s 3 million small businesses.
KEY QUOTES:
“Traditional banks have failed Canadian entrepreneurs for too long. 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.”
“Keep was born from my own frustration with fragmented systems and banking inefficiencies. We’re building what I desperately needed back then.”Keep’s integrated platform includes Canada’s first fintech business credit card, automated expense management, multi-currency accounts, and flexible global bill pay – all designed to eliminate the fragmented, fee-heavy solutions that burden business owners today.”
“By 2027, we aim to serve 100,000 small businesses across Canada, helping them save over quarter billion dollars in fees annually. This funding brings us one step closer to our ultimate goal: ensuring that no Canadian entrepreneur’s vision is constrained by access to fair, flexible financial services.”
Oliver Takach, Keep’s Co-founder and CEO
“With Keep, we’ve cut our financial admin time by 80%. The integration of their products was seamless and helped us double our revenue in just six months. What used to take weeks with traditional banks now happens instantly.”
Glen Napier, CEO of James G Armour & Co.
“Keep’s incredible growth and product adoption is far beyond what we see in high growth companies at their stage today. We’re excited to support Keep as it redefines how businesses manage operations and cash flow, empowering them with smarter, more flexible financial solutions.”
Arjun Sethi, Co-Founder and Partner at Tribe Capital
