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Vault Launches Comprehensive Online Financial Platform Backed by $5M CAD Funding Raise

Vault | Release | May 16, 2023

Vault launches in Canada - Vault Launches Comprehensive Online Financial Platform Backed by $5M CAD Funding Raise

Vault announces its official launch and widespread availability across Canada.  The all-in-one online financial platform for small-to-medium sized business (SMBs)

  • Vault, the comprehensive online financial platform, has announced its official launch in Canada, providing a one-stop financial solution for small to medium-sized businesses (SMBs) and entrepreneurs. The platform offers a wide range of financial products and services, all with no monthly or annual fees or minimum balances. This includes local accounts in multiple currencies, real-time currency exchange, free domestic and international bank transfers, and more.
    • Co-founded by Saud Aziz and Ahmed Shafik, Vault has a future-focused vision to reshape the financial experience for Canadian SMBs. The platform is set to include additional services like lending, savings products, payment automation, and more complex FX products in the near future.
    • Vault also announces the ability to purchase investment products, including GICs that will earn highly competitive rates. The company is committed to extending its product and service offerings and has plans to include lending, savings products, payment automation and more complex FX products later this year.
  • Backed by angel investors from industry-leading companies and securing CAD$5,000,000 in funding co-led by Fin Capital and Gradient Ventures, Vault has substantial support. It is collaborating with regulated financial institutions to ensure customer account safety and security.

See:  Founded in Canada, Fintech NorthOne Closes CA$92.1 Million Series B to Serve Small Businesses in the U.S.

Ahmed Shafik, Co-founder of Vault:

My co-founder, Saud Aziz, and I have parents who are small business owners, and we experienced first-hand the antiquated banking services that constrained their ability to freely manage how they spend, move and manage their money, all while enduring excessive fees. We founded Vault to change this. Today, entrepreneurs and SMBs owners have a cheaper and easier way to manage their businesses financial needs - all without the need to visit a branch and backed by 24/7 customer service.

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NCFA Jan 2018 resize - Vault Launches Comprehensive Online Financial Platform Backed by $5M CAD Funding RaiseThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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