Venn, formely Vault, a Toronto, Canada-based provider of a financial platform built for Canadian businesses, raised $21.5M in Series A funding.
The round was led by Left Lane Capital, with participation from XYZ Venture Capital, Intact Ventures, and Gradient.
The company intends to use the funds to deepen its current product offerings and expand horizontally to deliver a more complete financial stack.
Founded by former Revolut employees Ahmed Shafik and Saud Aziz three years ago, Venn provides small and medium-sized businesses with a digital banking platform to manage their finances by offering a range of financial products and services, including multi-currency accounts, global bank transfers and high-yield investment options such as GICs.
The company is now moving upmarket by partnering with businesses like Sherpa, MedEssist, and Alan. Since launching in 2023, Venn has onboarded more than 4,000 businesses.
FinSMEs
26/02/2025