Venn

Venn is a business banking platform for Canadian companies. It offers CAD, USD, GBP and EUR accounts, corporate cards with 1% cashback, domestic and international transfers, invoicing, expense management, and accounts payable with QuickBooks and Xero sync. The company describes itself as a technology company rather than a bank; account balances are held at Bank of Montreal and are CDIC-insured, and the Venn Mastercard charge card is issued by Peoples Trust Company.

Customers are Canadian startups, small and mid-sized businesses, and larger enterprises. The website lists subscription plans at $0, $40 and $100 per month plus a custom enterprise tier, with FX and transfer fees varying by plan. It states that more than 15,000 businesses use the platform and that Venn is registered as a money services business with FINTRAC.

Venn was founded in 2021 and its website describes it as backed by investors and as having raised $26.5 million to date. Job listings are based in Toronto and Poland and cover engineering, product, sales, marketing, growth and compliance, including a Head of Compliance (CAMLO) role. The website notes that Venn is not currently available to businesses in Quebec.

Product: Multi-currency business accounts, corporate cards, domestic and international transfers, invoicing and accounts payable with accounting sync.