Vault raises $5m in seed funding round co-led by Gradient Ventures and Fin Capital

Vault, an all-in-one banking platform, has successfully raised $5 million in a recent funding round co-led by Gradient Ventures and Fin Capital. The capital injection will enable Vault to further disrupt the Canadian business banking landscape, offering a revolutionary banking experience that combines convenience, affordability, and a wide range of innovative features.

Vault aims to revolutionize the way Canadian businesses manage their finances by providing a 10x better experience at 10x cheaper costs. Traditional business banking has often been associated with cumbersome processes, limited services, and high fees. However, Vault is here to change that narrative and usher in a new era of modern banking for entrepreneurs and enterprises alike.

Vault's all-in-one banking platform offers an array of features designed to simplify and enhance financial operations for businesses. Some of the notable features include:

1. Multi-Currency Accounts: Vault enables businesses to hold and manage funds in multiple currencies, providing greater flexibility for international transactions and reducing currency exchange costs.
2. Multi-Currency Corporate Cards: With Vault, businesses can issue corporate cards that support multiple currencies, streamlining expense management and eliminating the need for separate cards when operating globally.
3. Global Bank Transfers: Vault allows seamless and cost-effective bank transfers to over 200 countries, empowering businesses with a truly global reach.
4. GIC Investments: In addition to traditional banking services, Vault offers Guaranteed Investment Certificate (GIC) investments, enabling businesses to earn competitive returns on their surplus funds while maintaining liquidity.

The Vision:Vault's vision is to empower Canadian businesses with modern, efficient, and accessible financial solutions. By leveraging cutting-edge technology and a customer-centric approach, Vault aims to remove the barriers that often hinder business growth and productivity, enabling entrepreneurs to focus on what matters most: running and expanding their ventures.