
Venn
Offers a multi-currency account and mastercard to help businesses save on foreign exchange fees.
Date | Investors | Amount | Round |
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- | investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor investor investor investor | €0.0 | round | |
* | $21.5m | Series A | |
Total Funding | 000k |
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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.