News Summary

Toronto-based fintech company Keep Technologies has launched a new financial platform for small businesses in Canada, emerging from stealth with a substantial $108 million in funding. This funding includes a $71-million credit facility from Treville, $4 million in venture debt from Silicon Valley Bank, and $33 million in equity led by Tribe Capital with participation from other notable investors like Rebel Fund and Liquid 2. Keep aims to provide a comprehensive financial operating system for small businesses, offering services such as business credit cards, automated expense management, and global banking. Co-founded by Oliver Takach, who has a background with Y Combinator-backed firms, the company already boasts over 3,000 business signups and $20 million in annualized revenue. With a team comprising veterans from prominent companies such as Meta and Robinhood, Keep plans to use the funds to scale its operations and introduce new features to enhance banking, rewards, and financial workflows for small businesses.