Keep, a Canadian fintech startup offering an integrated financial platform for small businesses, has publicly launched with US$76 million in new funding.

The raise comprises US$23 million in equity financing led by Tribe Capital, a US$50 million credit facility from Coventure (Treville), and a US$3 million venture debt line from Silicon Valley Bank.

The company aims to address long-standing financial and operational challenges faced by Canada’s small businesses, a sector of roughly 3 million enterprises and a market worth more than US$500 billion.

Keep positions itself as an alternative to traditional banks, which continue to rely on outdated systems and rigid underwriting processes that many small firms find restrictive.

The platform targets both established small businesses seeking improved financial services and newer entrepreneurs often underserved by conventional lenders.

Its offerings are designed with Canada’s tax, banking, and regulatory frameworks in mind.

“Traditional banks have failed Canadian entrepreneurs for too long,”

said Oliver Takach, Keep’s Co-founder and Chief Executive.

“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.”

Takach, a two-time Y Combinator founder, drew from personal experience in developing Keep.

He previously bootstrapped a business to US$2 million in revenue in 2019 and faced many of the financial pain points Keep now seeks to solve.

“Keep was born from my own frustration with fragmented systems and banking inefficiencies,”

he said.

“We’re building what I desperately needed back then.”

The platform includes a range of services: a fintech business credit card (which the company says is Canada’s first), automated expense tracking, multi-currency accounts, and global bill payment features, tools designed to reduce reliance on fragmented, fee-heavy solutions.

In 2024, Keep reported strong growth, surpassing US$12 million in annualised revenue less than two years after launching.

The company also noted more than 300% net dollar retention and has onboarded over 3,000 small and medium-sized businesses across various industries.

Looking ahead, the company plans to expand significantly.

“By 2027, we aim to serve 100,000 small businesses across Canada, helping them save over a quarter billion dollars in fees annually,”

said Takach.

“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.”

The funding round included participation from both new and existing investors such as Rebel Fund, Liquid2 Ventures, Cambrian, and Assurant Ventures.

Individual backers include founders and executives from fintech firms including Robinhood, Venmo, Stripe, Plaid, Chime, Coinbase, Ramp, and Alloy.

Featured image credit: Edited by Fintech News America, based on image by user8818949 via Freepik