Keep Raises C$108M to Revolutionize Financial Services for Canadian Small Businesses

Keep, Canada’s first all-in-one financial platform built exclusively for small businesses, has emerged from stealth mode with a C$108 million funding raise. The round includes C$33 million in equity 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 capital injection will help Keep address critical cash flow and operational challenges faced by Canada’s 3 million small businesses.

Addressing a Market Gap in Canadian Small Business Banking

Canada’s $500 billion+ small business banking market remains dominated by legacy banks, whose outdated software, limited customer service, and rigid underwriting processes hinder business growth. Keep bridges this gap by offering a modern, integrated financial platform tailored to Canadian tax systems, regulations, and the unique needs of entrepreneurs and established SMBs alike.

CEO’s Vision and Personal Experience

“Traditional banks have failed Canadian entrepreneurs for too long,” said Oliver Takach, Keep’s Co-founder and CEO. Drawing from his own experience as a two-time Y Combinator founder, Takach built Keep to solve the fragmented and inefficient financial services he faced while growing his previous business. “We’re building the financial operating system that Canada’s small businesses actually need — with the technology, tools, and services to help them thrive.”

Innovative Platform and Customer Impact

Keep offers Canada’s first fintech business credit card, automated expense management, multi-currency accounts, and flexible global bill pay — all designed to replace fragmented, fee-heavy solutions with seamless integration.
Glen Napier, CEO of James G Armour & Co., attests: “With Keep, we’ve cut our financial admin time by 80%. The integration was seamless and helped us double our revenue in six months. What used to take weeks with traditional banks now happens instantly.”

Strong Growth and Customer Adoption

Since going live less than two years ago, Keep surpassed C$20 million in annualized revenue in 2024 and achieved over 300% net dollar retention. The platform has onboarded more than 3,000 SMBs across diverse industries, demonstrating significant customer satisfaction and market fit.

Investor Confidence and Strategic Support

“Keep’s growth and product adoption exceed typical benchmarks at this stage,” said Arjun Sethi, Co-Founder and Partner at Tribe Capital. The funding round attracted both new and existing investors, including Rebel Fund, Liquid2 Ventures, Cambrian, and Assurant Ventures, along with fintech founders and executives from Robinhood, Venmo, Stripe, Plaid, and others.