Keep raises $12M in increasingly competitive Canadian corporate spend market

In the U.S., a number of startups aim to be the corporate spend manager of choice for small and large businesses. Brex, Ramp, and Mercury are among those companies, just to name a few. Moving north of the border to Canada, the options are fewer, but growing. Keep is a startup that has built a financial platform specifically designed for small and medium-sized businesses (SMBs). On Tuesday, it announced a total of $23 million in equity funding, a $50 million credit facility, and a $3 million venture debt line, it shared with TechCrunch exclusively. 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, and $8 million in a seed round in November of 2021. Treville Capital Group provided the credit line, and Silicon Valley Bank the venture debt. Keep co-founder and CEO Oliver Takach declined to reveal the startup’s valuation, saying only that Keep “had ... Read full article.