Keep Raises $12 Million to Transform Corporate Spend Management for Canadian SMBs
Are you searching for innovative corporate spend solutions tailored for Canadian small and medium-sized businesses (SMBs)? Keep, a rising fintech startup, is rapidly becoming the go-to financial platform for managing business expenses in Canada’s increasingly competitive corporate spend market. With its recent $12 million funding boost, Keep is poised to challenge established players by offering smarter, more integrated financial tools designed specifically for SMBs managing multi-currency operations and complex expense needs.
In the U.S., startups like Brex, Ramp, and Mercury dominate the corporate spend landscape, but Canada’s options have been limited—until now. Keep has filled this gap by building a platform focused on empowering SMBs with seamless corporate credit cards, multi-currency accounts, automated expense management, and powerful accounting software integrations. These features help businesses streamline spend controls and optimize cash flow, driving better financial health and operational efficiency.
This latest funding round, a Series A1 led by Tribe Capital, adds to Keep’s growing financial backing, which includes $8 million raised in Series A in 2023 and an $8 million seed round in 2021. Additionally, Keep secured a $50 million credit facility and a $3 million venture debt line, fueling its rapid growth. According to CEO Oliver Takach, the company has seen a remarkable 5x valuation increase since its Series A, alongside a 20x surge in revenue—highlighting strong market demand and investor confidence.
Keep’s leadership team brings deep startup expertise, with co-founder Oliver Takach having previously launched multiple startups and overcome frustrations with traditional banking tools. This real-world experience shapes Keep’s mission to be the “mission control center” for SMB finances, offering a corporate credit card and flexible financing options such as capital advances and installment loans that generate sustainable revenue streams.
In 2024, Keep surpassed $14 million in annualized revenue and onboarded over 3,000 SMB customers spanning diverse industries, many with international operations.
Whether you’re a Canadian SMB owner or finance professional looking for advanced corporate spend management tools, Keep’s platform offers a powerful, user-friendly solution built for the modern business environment. Stay tuned as Keep continues to expand its services and redefine how Canadian SMBs handle their financial operations.
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