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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 Keep is a startup that has built a financial platform specifically designed for Canadian small and medium-sized businesses (SMBs).
Prior to co-founding Toronto-based Keep with Helson Taveras in 2021, he was a two-time Y Combinator founder (CareLedger, YCS15, and Origin, YCW17; both startups are now inactive). It also charges fees for capital advances and short-duration installment loans, and earns revenue from premium payment options when customers send funds instantly or exchange currencies. “Managing expenses, sending and receiving money, handling currency exchanges seamlessly, and giving employees controlled access to funds are now table stakes,” Arjun Sethi, co-founder of Tribe Capital, told TechCrunch.
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