Vault raises $5m in seed funding round co-led by Gradient Ventures and Fin Capital
Vault, an all-in-one banking platform, has successfully raised $5 million in a recent funding round co-led by Gradient Ventures and Fin Capital. The capital injection will enable Vault to further disrupt the Canadian business banking landscape, offering a revolutionary banking experience that combines convenience, affordability, and a wide range of innovative features.
Vault, an all-in-one banking platform, has successfully raised $5 million in a recent funding round co-led by Gradient Ventures and Fin Capital. The capital injection will enable Vault to further disrupt the Canadian business banking landscape, offering a revolutionary banking experience that combines convenience, affordability, and a wide range of innovative features.
Vault aims to revolutionize the way Canadian businesses manage their finances by providing a 10x better experience at 10x cheaper costs. Traditional business banking has often been associated with cumbersome processes, limited services, and high fees. However, Vault is here to change that narrative and usher in a new era of modern banking for entrepreneurs and enterprises alike.
Vault's all-in-one banking platform offers an array of features designed to simplify and enhance financial operations for businesses. Some of the notable features include:
- Multi-Currency Accounts: Vault enables businesses to hold and manage funds in multiple currencies, providing greater flexibility for international transactions and reducing currency exchange costs.
- Multi-Currency Corporate Cards: With Vault, businesses can issue corporate cards that support multiple currencies, streamlining expense management and eliminating the need for separate cards when operating globally.
- Global Bank Transfers: Vault allows seamless and cost-effective bank transfers to over 200 countries, empowering businesses with a truly global reach.
- GIC Investments: In addition to traditional banking services, Vault offers Guaranteed Investment Certificate (GIC) investments, enabling businesses to earn competitive returns on their surplus funds while maintaining liquidity.
The Vision:Vault's vision is to empower Canadian businesses with modern, efficient, and accessible financial solutions. By leveraging cutting-edge technology and a customer-centric approach, Vault aims to remove the barriers that often hinder business growth and productivity, enabling entrepreneurs to focus on what matters most: running and expanding their ventures.
Frequently asked questions
Everything you need to know about the product and billing.
Vault is the cheapest and easiest way to manage your business banking needs. We offer the best currency exchange rates in Canada, chequing accounts multiple currencies, domestic and international bank transfers, and a corporate Mastercard to manage all your spend. By signing up to Vault you automatically get:
- Accounts in Canadian dollars, US dollars, British pounds, and Euros
- Cheapest FX rates in Canada - Free domestic transfers (EFT, ACH, SEPA, FPS)
- A Mastercard Corporate card that gets you the same great FX rates
Transparency is key to us, that's why you'll find all of our fees listed on our pricing page: https://www.tryvault.com/pricing
We don't charge many fees and for the fees we do charge you'll find them to be well below market rates. You also get paid to use Vault via our cashback on card purchases!
We're only able to support Canadian corporations for now. If you have a sole proprietorship, partnership, or non-Canadian corporation we won't be able to support it at this time.
Yes, we have a direct integration with QBO and Xero. We are working on more integrations very soon!
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