Venn

Venn

Offers a multi-currency account and mastercard to help businesses save on foreign exchange fees.

HQ location
Toronto, Canada
Website
Launch date
Employees
Enterprise value
$86—129m
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$21.5m

Series A
Total Funding000k
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Vault is a business banking platform designed to simplify financial management for small business owners. Operating in the fintech sector, Vault offers a range of services including virtual card issuance, fee-free transactions, and higher spending limits. The platform provides a seamless experience for sending transfers, paying bills, and managing corporate expenses, all from the comfort of a home office. Vault's business model revolves around providing a straightforward, transparent banking experience with no hidden fees, overdrafts, or minimum balances. Revenue is generated through transaction fees and value-added services. Clients benefit from multi-level payment approvals, secure funds insured up to $100,000, and a 1% cashback on bill payments made with the Vault card. The application process is quick and paperless, taking only five minutes to complete. Vault serves small business owners looking for a hassle-free, efficient way to manage their finances.

Keywords: fintech, business banking, virtual cards, cashback, small business, fee-free, secure funds, multi-level approvals, seamless transfers, higher spending limits.

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