Venn
Toronto, CA · 10 known investors
Venn is a business banking platform built exclusively for Canadian businesses, offering payment processing and financial management tools. The company provides CDIC-protected accounts and enterprise-level controls to help businesses send, spend, and scale their finances.
Founders & leadership
Investors · 10
Gradient VenturesSan Francisco · $100K – $10M
Group 11Beverly Hills · $5M – $20M
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Left Lane CapitalNew York · $5M – $75M
XYZ Venture CapitalSan Francisco · $10K – $5M
CIM GroupreportedLos Angeles
Hamilton Lanereported · 2 sourcesConshohocken
LatitudereportedSan Francisco
LocalGlobereported · 2 sourcesLondon
noareported · 2 sourcesLondon
Also in the syndicate · 1
FinTLV
Funding
SEC filings, press & company announcements$52M disclosed across 1 of 2 rounds · 2025
- $52MSeries BNov 2025 · 3 sources
CIM Group (lead), NOA (lead), FinTLV, Group 11, Hamilton Lane, Latitude, LocalGlobe
Source ↗ - Undisclosed amountSeries AFeb 2025Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Competitors · 5
by search overlap
Wise8995 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Revolut7266 shared keywordsLondon-based digital banking app offering multi-currency accounts, cards, trading and business accounts to 65m+ customers.
Transfer Go5090 shared keywordsTransferGo is a digital money transfer and multi-currency app that lets people send low-cost international payments to over 160 countries, hold and exchange currencies, and spend via a virtual or physical GoCard. It primarily serves migrants and individuals sending money home, and also offers a platform for businesses making cross-border transactions.
Remitly4110 shared keywordsRemitly is an international money transfer service that enables customers to send money across borders to multiple countries.
Instarem3874 shared keywordsInstarem provides online international money transfers for individuals to send funds to over 60 countries, offering upfront exchange rates, low fees, real-time tracking, and loyalty rewards. It also offers cross-border payment solutions for small and medium businesses to pay overseas suppliers and employees across 160+ countries.
Companies competing with Venn for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Venn do?
- Venn is a business banking platform built exclusively for Canadian businesses, offering payment processing and financial management tools. The company provides CDIC-protected accounts and enterprise-level controls to help businesses send, spend, and scale their finances.
- Who founded Venn?
- Venn was founded by Ahmed Shafik, Saud Aziz.
- Who are Venn's investors?
- Venn's investors include Gradient Ventures, Group 11, Left Lane Capital, XYZ Venture Capital, CIM Group, Hamilton Lane, Latitude, LocalGlobe and 1 more.
- How much funding has Venn raised?
- Venn has disclosed $52M raised across 1 of its 2 known rounds.
- Where is Venn headquartered?
- Venn is headquartered in Toronto, CA.