Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Chexy Raises $14M To Build A Broader Payments Business
Mar 25, 2026 | NCFA Fintech Market Activity | Payments And Money Movement
From Rent Payments To Recurring Money Movement
On March 25, 2026, Chexy closed a $14M Series A led by Khosla Ventures. Co-founder and CEO Liza Akhvledziani Carew said the company started by helping renters earn rewards on their biggest monthly expense, then grew into “something much bigger: a new way for money to move in Canada.”
Chexy’s own numbers speak for themselves. The company says it now supports 5,000+ businesses, $1B+ in annual payments, and $20M in rewards value. That's certainly not a narrow rent rewards story and points to a scaling payments company for businesses.
See: Peoples Group, Fiserv to Modernize Payments Infrastructure
The company has already shown that rent can work as an entry point. In its first year, the company said it processed $30M in rental payments and generated $1M in rewards value. Now Chexy’s business offering has expanded considerably, including supplier payments, commercial rent, payroll, corporate tax, GST and HST remittance, payroll remittance, and property tax. This wider mix of recurring payments gives the company more ways to increase usage and build a deeper payments relationship.
While Chexy is part of the trend where rent and housing payments pull more fintech models into consumer finance, it's broadening it's model built around payments rather than point of sale credit. And the capital gives the fintech more runway to build and grow.
Talking Point
If rent brings users in, which payment flows give Chexy the best chance to become a durable Canadian money product?
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