Keep, a Toronto-based startup, is developing financial management solutions for small and medium-sized businesses (SMBs) in Canada. This week, the company announced $23 million in equity funding, a new credit facility of $50 million, and a $3 million venture debt line. Keep's co-founder, Oliver Takach, revealed they have seen a 5x increase in valuation from their initial Series A round. The firm launched a corporate credit card and various financial tools to streamline business finances, quickly gaining over 3,000 SMB clients and achieving $14 million in annualized revenue this year.
In 2023, Keep launched its corporate credit card as part of its quest to serve as "the mission control center for a company's finances." Besides the corporate card, Keep offers businesses multi-currency accounts, automated expense management, and integrations with accounting software.
This year, Keep raised $12 million in what it describes as a Series A1 round that was led by Tribe Capital. It previously raised $8 million in a Series A led by Tribe Capital in May of 2023.
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