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Online Banking Platform Vault Payments Grabs C$5M Seed

May 16, 2023•about 2 years ago

Amount Raised

$5 Million

Round Type

seed

Toronto

Investors

Fin CapitalGradient Ventures

Description

The round was led by Google’s Gradient Ventures and Fin Capital.

Company Information

Company

Vault

Location

Toronto, Ontario, Canada

About

Vault is building the smartest bank account for Canadian startups and SMBs. Canadian businesses want freedom, trust, and support for their business, especially in the early days. We are fixing this. Vault is the first all-in-one business account that trusts Canadian business owners and will allow them to get up and running in <5 minutes without ever having to step foot in a branch. We are building a smart bank account that will allow businesses to get back to running their business and not managing their account.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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