Maintaining a $ 12 million collection in the growing Canadian company spending market

In the United States, a number of startups aim to be the director of the favorite and large companies spending. Brex, RAMP and Mercury are among those companies, to name a few.

Moving to the north of the border to Canada, the options are less, but they grow.

Preserve It is a startup that has built a specially designed financial platform for small and medium -sized companies (SMBS). On Tuesday, a total of $ 23 million announced stock financing, a credit facility worth $ 50 million, and a project debt line worth 3 million dollars, participated with Techcrunch exclusively.

This year, 12 million dollars were raised in what it described as a round of the A1 series led by Tribe Capital. She previously raised $ 8 million in the Tribe Capital series in May 2023, and $ 8 million in a seed tour in November 2021.

Treville Capital Group provided credit line, and Silicon Valley Debt Bank. He kept the co -founder and CEO Oliver Takash refused to unveil the startup assessment, saying only that he “kept 5X in the evaluation of the series A and 20X in revenue.”

Takash is not strange for startups. Before Keep with Helson Taves, which is based in Toronto in 2021, was the founder of Y Combinator twice (CareEDGER, YCS15, Oriigin, YCW17; both startups are now inactive). Help also find another start -up company called Retriever that was sold to a marketing company. Over the years, he struggled with Takach and Taves with available financial tools, especially those provided by traditional banks, so they decided to build their own offer.

In 2023, Keep Corporate Crex Card launched as part of its pursuit of the “Mission Monitoring Center for Company Articles”. Besides the company’s card, Keep Promises Accounts Multi Corrency Accounts offers automatic expenses, and integration with accounting programs.

In 2024, he kept $ 14 million in annual revenue and entered more than 3000 SMB customers who work through a mixture of industries, and many of them do international business. The company partially earns money by earning revenues for exchange when companies use company cards. It also imposes fees on capitalist progress and short -term installments, and gets revenues from excellent payment options when customers send money immediately or exchange currencies.

Its headquarters is Toronto Financial float It also aims to SMBS service in Canada and is the closest Keep competitor, according to Takash.

From his point of view, one of the Keep discrimination tools is its multi -currency capabilities, which helps its customers “the bank like the local” and allow the border operations.

LED Tribe Capital LED is the latest stock increase, which included the participation of the current and new rebel funds, liquid 2 projects, CAMBRIAN projects, and Assurant. Many owners of owners, including the co -founder of Dropbox Arash Ferdowsi, co -founder of Webflow and CEO Vlad Majdalaen, and founders of Tommy Nicholas and Laura Spirkman, Mark Bahrva, manager of General Catalyst, participated in this financing.

“Management of expenses, sending and receiving money, dealing with currency exchanges smoothly, and giving employees who are controlling access to funds is now the table class,” Arjun Sethi, co -founder of Tribe Capital, told Techcrunch. “Merging these services vertically is no longer luxury anymore – it’s the new standard.”

Looking at the future, Keep aims to launch a bank product and add more features, such as compact credit options and payment of bills.