Today marks a pivotal moment in our journey. We are proud to announce that we have officially rebranded to Venn—and along with this change, we’ve raised $21.5M in Series A funding from Left Lane Capital, XYZ Venture Capital, Intact Ventures, and Gradient to fuel our mission of transforming business banking for Canadian companies
We are now Venn: Announcing our $21.5M Series A and Rebrand


Today marks a pivotal moment in our journey. We are proud to announce that we have officially rebranded to Venn—and along with this change, we’ve raised $21.5M in Series A funding from Left Lane Capital, XYZ Venture Capital, Intact Ventures, and Gradient to fuel our mission of transforming business banking for Canadian companies
How it Started
When we started three years ago, our goal was simple: provide Canadian businesses with CAD and USD accounts that would help them save on payments. Over time, as we listened to our customers and saw firsthand the challenges they faced with outdated banking systems, we realized there was a much larger opportunity. High fees on basic transactions, in-branch visits, poor FX rates, and a patchwork of financial tools left businesses with a constant headache. From seeing the solutions our international peers had and comparing it against what we are offered, we knew that Canadian business owners deserved better.
That’s why we evolved our platform from just multi-currency accounts to a holistic solution designed to simplify every aspect of financial management. Today, Venn offers global accounts, spend management, transfers, FX services, accounting automation, and more—all integrated into one seamless platform. Our mission is to be the only platform businesses need to manage their financial stack and drive growth.
Since our 2023 launch, we’ve onboarded over 4,000 businesses, and we’re now moving upmarket, partnering with companies like Sherpa, MedEssist, and Alan. These collaborations reaffirm our belief that the time has come for a new business banking solution, one that not only helps businesses save money but also empowers them to thrive in today’s global marketplace.

What’s Next
This rebrand and our recent funding are not just about a new name or logo but rather they represent our deep commitment to our customers. Our team remains dedicated to building a platform that addresses the unique needs of Canadian businesses. With this round we’re excited to:
- Expand our product offerings to create a true all-in-one financial platform for Canadian businesses and fulfill our mission to be the only financial platform businesses need to manage their finances and grow.
- Continue to build a seamless experience, consolidating fragmented financial tools into one integrated platform.
- Scale our team to serve you better and faster.
Our users are at the heart of everything we build. Every feature we ship, every product decision we make, and every improvement we roll out is shaped by you—our customers. Whether you’re sending us weekly screenshots of what’s working (or not), sharing detailed feedback from your team, or supporting us on social media, we see you.
We’re not ones for cheesy sayings, but this time, it really does feel like the beginning. Over the next couple months, we’re rolling out a wave of new features—some we’ve been waiting over a year to ship. These updates will let you handle your finances faster, cheaper, and with even fewer tools (because who actually enjoys juggling a dozen platforms?).
As we embrace this new chapter under the Venn name, our core promise remains unchanged. We’re still the same dedicated team, and we remain committed to delivering solutions that help you grow, thrive, and compete on a global scale. Thank you for trusting us with your business; we’re excited about the future and look forward to continuing this journey together as Venn.

Ahmed Shafik & Saud Aziz
Co-Founders, Venn (formerly Vault)
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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