Venn, 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 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:
- 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.
- 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.
- Global Bank Transfers: Vault allows seamless and cost-effective bank transfers to over 200 countries, empowering businesses with a truly global reach.
- 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.
Frequently asked questions
Everything you need to know about the product and billing.
Venn is the cheapest and easiest way to manage your business banking needs. We offer the best currency exchange rates in Canada, chequing accounts in multiple currencies, domestic and international bank transfers, and a corporate Mastercard to manage all your spend. By signing up to Venn you automatically get:
- Accounts in Canadian dollars, US dollars, British pounds, and Euros
- The cheapest FX rates in Canada with free domestic transfers (EFT, ACH, SEPA, FPS)
- A Mastercard Corporate card that gets you the same great FX rates and cashback with no minimum spend requirements
No, we don’t have any hidden fees! All charges, including currency conversion and premium plans, are clear and transparent. You can even issue unlimited corporate cards to your team and sign up with a free plan in minutes! Learn more about our transparent Pricing.
Nope! Other companies and traditional bank accounts have high minimum balance requirements. This makes accounts inaccessible for small businesses or individuals. Venn does not require a minimum balance.
Our process is quick — Customers typically get set up in 5 minutes or less! Create a free account and start saving with no monthly fees, cashback on card spend, and the best FX rates around.
Of course! Our friendly Support specialists are available via Chat or Email 24 hours a day, 7 days a week, 365 days a year. All tickets are monitored and responded to within 24 hours, with an average response time of 30 minutes.
Yes, we have a direct integration with QBO and Xero. We are working on more integrations very soon!
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