Ahmed Shafik Purchases Property From VennPoint Real Estate

Venn, a Toronto-based business banking and expense management startup, raised $15M in Series A funding led by Left Lane Capital, with participation from XYZ Venture Capital, Intact Ventures, and Gradient. Co-CEO Ahmed Shafik, a former Revolut executive, sees Canada as lagging behind the U.S. in banking and spend software innovation. Originally focused on international transfers and multi-currency accounts, Venn now serves 4,000 SMBs with corporate cards, expense automation, and accounting integrations. The company plans to expand into credit card payment acceptance and lending.

INVESTORS: Left Lane Capital, XYZ Venture Capital, Intact Ventures & Gradient

ROUND: Series A AMOUNT: $15,000,000

HQ: #Toronto #Canada

#VentureCapital #Venn #LeftLaneCapital #XYZVentureCapital #IntactVentures #AhmedShafik #Gradient #TradedVC