The business banking startup said it raised a total of $33 million in equity financing led by Tribe Capital, along with a $71-million credit facility from Coventure and $4 million in venture debt from Silicon Valley Bank. The equity financing came from a US$3 million seed round and a US$20 million Series A, Keep CEO Oliver Takach said in an email. (The Logic)
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The business banking startup said it raised a total of $33 million in equity financing led by Tribe Capital, along with a $71-million credit facility from Coventure and $4 million in venture debt from Silicon Valley Bank. The equity financing came from a US$3 million seed round and a US$20 million Series A, Keep CEO Oliver Takach said in an email. (The Logic)
Talking point: Keep joins Canadian competitors Float, Venn and Loop in raising multimillion-dollar sums over the past year to provide fintech banking services to small businesses. Takach told TechCrunch the key difference between his business and Float’s is Keep’s ability to work across borders in multiple currencies. Penny-pinching among small businesses trying to cope with the U.S.-led global trade war has proven a boon to platforms offering to help them cut costs through automation and nimble banking services.
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