Funding Round attributes
Keep, a Toronto-based financial technology company, has secured $76 million in a comprehensive funding round aimed at expanding its platform for small and medium-sized businesses (SMBs). The funding package comprises $23 million in equity financing, a $50 million credit facility, and a $3 million venture debt line.
The equity portion of the funding was led by Tribe Capital, with participation from Rebel Fund, Liquid2 Ventures, Cambrian, and Assurant Ventures. Additionally, individual investors—including founders and executives from fintech companies such as Robinhood, Venmo, Stripe, Plaid, Chime, Coinbase, Ramp, and Alloy—contributed to the round. This diverse group of investors underscores the growing interest in fintech solutions tailored for SMBs.
Founded by Oliver Takach, Keep offers a financial platform designed to help SMBs manage their finances more effectively. The platform enables businesses to control spending, automate bookkeeping, and manage transactions, including sending, receiving, and storing funds. Since its inception, Keep has experienced significant growth, surpassing $12 million in annualized revenue in 2024. The company has also achieved over 300% net dollar retention and onboarded more than 3,000 SMBs across various industries.
The capital raised will be utilized to expand Keep's operations and further develop its platform. The company aims to enhance its offerings to better serve the evolving needs of SMBs, positioning itself as a comprehensive financial solution in the competitive fintech landscape.
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